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.
The SET Index joined a global rally and rose to 1,700 points after Russia announced its plans to cut military operations in Kyiv and surrounding areas.
The spot gold price fell to US$1,890 an ounce before rebounding, while the WTI crude oil price dropped 1.6% to $104.24 a barrel in response to the news, although it remains high due to tight supply.
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