Thai Stocks Rise 4.5 Percent on U.S. Jobs Data as Foreign Investors Sell Record $137 Billion of Asian Equities

SpaceX passed Nasdaq's fast-track listing rules and its shares will start trading on the Nasdaq-100 index on July 7. Tesla reported global deliveries of 480,126 vehicles in the second quarter, up 25 percent from a year earlier. Meta Platforms gained 10 percent after announcing plans to build a cloud infrastructure business that would sell access to computing power for AI models.

SK Hynix said it would invest $64 billion to build new chip plants, including one for NAND flash memory. Thailand ranked 27th globally and seventh in Asia in the US News & World Report Best Countries 2026 rankings for business and investment attractiveness. Domestic car production in Thailand fell 11.4 percent year-on-year in May to 123,276 units.

Car exports fell 27 percent to 59,434 units. Domestic car sales rose 10.6 percent, driven by higher EV sales. Thailand has secured $4.1 billion in investment pledges across its EV supply chain. Mazda Motor Corp is investing 7.4 billion baht to upgrade its AutoAlliance factory in Rayong to produce mild hybrid electric vehicles.

Bangchak Corp completed the 9-billion-baht acquisition of 100 percent of Chevron Hong Kong, which was renamed Bangchak Hong Kong and will continue to operate the retail fuel business under the Caltex brand. Webull announced its nearly 3-billion-baht acquisition of Pi Securities from Country Group Holdings.

The House of Representatives approved the first reading of the 2027 Budget Bill, which calls for state enterprise investments of 270 billion baht.

The 2027 budget totals 3.8 trillion baht with a deficit of 788 billion baht and aims to support 2026 GDP growth within a range of 1.7 percent to 2.7 percent. The cabinet approved a one-year extension of property transaction fee cuts, keeping transfer and mortgage fees at 0.01 percent for residential properties priced up to 7 million baht until June 2027.

The Ministry of Finance is preparing to revive the Thailand Future Fund by selecting existing projects to serve as underlying assets.

The State Railway of Thailand and the Eastern Economic Corridor Policy Committee are expected to decide in August whether to proceed with the high-speed rail project linking Don Mueang, Suvarnabhumi and U-tapao airports. Thailand's shrimp exports to Malaysia are expected to resume within 30 days. Thailand's manufacturing production index dipped 0.8 percent year-on-year to 101.8 points in May.

Primary energy consumption in Thailand increased 2.1 percent year-on-year in the first quarter. Final energy consumption grew 4.5 percent. The Ministry of Tourism and Sports is seeking 3 billion baht to fund a co-payment travel scheme aiming to provide at least 1 million privileges, with launch expected in the fourth quarter.

Airports of Thailand reported international departures declined 4.2 percent year-on-year in June, though traffic in the final week accelerated 9 percent. The U.S. will update services and inflation data on July 6.

Japan will announce household spending data on July 7. The U.S. will report trade data and the short-term energy outlook on July 7. New Zealand will decide on interest rates on July 8. The U.S. will release oil inventories on July 8.

The U.S. will report jobless claims, consumer credit and home sales on July 9. China will report inflation data on July 9. Germany will announce inflation data on July 10. The Federation of Thai Capital Market Organisations will announce its three-year strategic plan and market forecast on July 9.

The Constitutional Court will rule on the government's 400-billion-baht borrowing decree on July 9.