Stocks in the tourism, aviation and pharmaceutical sectors are the major beneficiaries of China's announcement to allow group tours to visit 20 countries effective as of Feb 6, analysts said.
Thai tourism stocks soared yesterday on news that Beijing is lifting travel curbs earlier than expected, boosting hopes that Thailand's tourism sector, trade and spending would recover much faster than the previous forecast.
The Thai stock market slid on Monday after the Federal Reserve (Fed) chairman's mention of a half-percentage point interest rate hike at the May meeting sent global stocks tumbling.
Thai equities rallied on Wednesday after progress in peace talks between Russia and Ukraine raised hopes for a resolution and the Finance Ministry's decision to postpone imposing a transaction tax on individual stock investors boosted investor morale.