Thai Markets Rattled by Report of Finance Minister’s Resignation
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Thailand’s main stock index dropped and the currency pared gains on a report that Finance Minister Predee Daochai has tendered his resignation weeks after taking office because of ill health.
The benchmark SET index of stocks fell as much as 0.7% before closing 0.4% lower, while the Thai baht pared gains of as much as 0.6% on news of Predee’s resignation to trade 0.1% higher at 31.077 to a U.S. dollar by 4:52 p.m. in Bangkok.