Over the weekend, the United States Embassy in Thailand released a statement from Marco Rubio, the U.S. Secretary of State, announcing a new visa restriction policy. This policy targets both current and former foreign government officials involved in repatriating Uyghurs or other ethnic and religious minorities back to China.
The policy specifically affects Thai officials who participated in sending 40 Uyghur individuals back to China on February 27.
Therdsak Thaveeteeratham, Assistant Managing Director of Research at Asia Plus Securities, told Kaohoon Online that the U.S. visa restriction on Thai government officials regarding the Uyghur deportation to China is expected to have no significant impact on the Thai stock market.
The Thai stock market continues to face uncertainty; however, there are no strong negative signals at present. The market’s upward adjustment is still limited due to the lingering effects of former President Donald Trump’s tax policies. Furthermore, investors need to monitor international trade policies and other external factors that could impact the market in the future.
Koraphat Vorachet, Division Head of Research at Krungsri Securities, noted that the visa restriction policy might initially affect investment sentiment in the Thai stock market. However, the actual impact will depend on the Thai government’s stance and approach to international policy in the upcoming period.
