Thai stocks rally as state-backed Vayupak fund gears up to raise $4.5b

Thai stocks rally as state-backed Vayupak fund gears up to raise $4.5b

Photographer: Brent Lewin/Bloomberg

Thailand’s stock market has rallied in recent weeks to bring the benchmark SET Index near its 2024 high, with many pointing to the activity of a government-affiliated fund as a major factor.

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