The stock Exchange of Thailand reached their highest levels since 1996 in the first September session, after the political situation in Asian countries has improved considerably over the past three months. The increase in gross domestic product (GDP) and the financial performance of local companies during the second quarter, meanwhile, improved investor sentiment about the largest economy in Southeast Asia. The Chief of Thailand SET stock index advanced by 0.6 percent to 918.31 points, led by banks and energy companies. It’s time to end the session at the highest level since December 1996 when the Asian financial crisis dealt a severe blow to most securities markets in the region. Of Thailand Baht more expensive in turn by 0.4 percent to 31.17 baht per dollar, which is at its strongest rate since March 2008 onwards. SET was up 27 percent from its lowest point this year, which reached in May during anti-government protests in the country, which killed 89 people. Because of political tensions in Thailand, foreign investors sold shares of local companies for a record 1.9 billion dollars in May. In August, they bought shares for 505 million dollars, one of the most active investors in the country is known investor Mark Mobius.
The Thailand’s economy grew for the third consecutive quarter for the period from April to June, GDP grew by 9.1% yoy. Compared to first quarter GDP surged by 0.2 per cent. In July industrial production of the Asian country grew by 16.3 percent annually and exports – by 46 per cent. Bank of Thailand expects economic growth of 7.5 percent in 2010, which will be the best performance since 1995. SET was up 25 percent since the beginning of this year’s best performing index in the Asian and Pacific region for the past eight months. Today’s session brought increased all stock exchanges in Asia and the Pacific region, excluding China. In Japan the Nikkei 225 rose 1.2 percent to 8 927.02 points, while the Sydney Stock Exchange S & P / ASX 200 rose 2.1 percent to 4 495.70 points. For the best information that helped the Australian economy in the second quarter and growth of manufacturing sector in China in August. The regional MSCI Asia Pacific Index advanced by 1.1 percent to 117.87 points after recording a loss of 2.2 percent on a monthly basis in August. Only the broad measure of Chinese stock Shaghai Composite fell 0.6% to 2 622.88 points for sales in the real estate sector. Of publications in the Chinese press today it became clear that financial regulators in the country will strengthen measures to curb speculative real estate investments to control risk in the sector.