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Thailand moves to support stock market as it hits post-pandemic low

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Thailand's government will introduce measures including tax incentives as it tries to support a stock market that hit a five-year low on Tuesday, with an official saying the steps will cost state coffers about $1.
Thailand's government has announced measures to bolster its stock market, which recently hit a low not seen since the onset of the global health crisis. The Finance Minister, Pichai Chunhavajira, has outlined plans to encourage companies to list on the stock exchange and to enhance the appeal of the market to investors. This comes in response to the Stock Exchange of Thailand (SET) index dropping to its lowest level since the early days of the 2020 economic downturn, influenced by factors like foreign capital outflows, concerns over high household debt, and a sluggish economic recovery. The government's strategy includes tax incentives for companies going public and efforts to stabilize the market, aiming to restore investor confidence and stimulate economic growth.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/companies/thailand-moves-to-support-stock-market-as-it-hits-post-pandemic-low/ar-AA1AFEWS ]