Thailand's stock market was one of the worst performers in the region last year. We find out if the improving economic outlook might lead to a recovery for the country's blue chip stocks. What happened? The Thai stock market was one of the worst performers in the region last year.  Thailand’s SET index, which is the key benchmark for blue chip stocks in Thailand, fell by 15% in 2023.  This represents a steeper fall compared to stocks in Hong Kong, with the Hang Seng Index declining by 14%. The performance of the Thai stock market last year would pale even further in comparison compared to US stocks, which gained 24%, as well as Singapore stocks, which were flat in 2023. Source: Bloomberg The weakness in the Thai stock market was driven by political uncertainty with the uncertain outcome of the elections, as well as weaker than expected economic growth. In addition, there was rising interest rates in the US led the capital outflows from...