Markets React to Thai Coup

Memories of the 1997 financial crisis led to an immediate, but restrained, baht sell-off. But this time the country's in a better place

Two questions now hang over Asian economies following the surprise military ouster of Thai Prime Minister Thaksin Shinawatra on Sept. 19. What sort of damage would it inflict on a major regional economy and offshore auto manufacturing and parts production hub? And, more critically, would a sell-off of the Thai baht spill over into other neighboring currencies should jittery global investors indiscriminately stampede out of the region?

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