Thai Stocks Fall Less Than Most Peers as Markets Digest Poll
- Pro-military party took lead in first election since 2014
- The nation’s SET Index falls most in three months after lunch
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Thailand’s benchmark stock index fell less than most regional peers, while the currency strengthened as investors assess the outlook for the nation’s markets after a pro-military party took the lead in the first general election since a coup in 2014.
The Palang Pracharath party is now poised to bring junta leader Prayuth Chan-Ocha back as prime minister even as anti-junta parties led by Pheu Thai are also set for substantial lower-house seats. The outcome will prompt a review of exposure to Thai assets as foreign investors have withdrawn in excess of a net $700 million from its stock and bond markets this year.