Thai Stocks Decline to Five-Year Low on Political Upheaval

Thailand’s equity benchmark index closed at its lowest level since March 2020, after the government’s second-largest party quit the ruling coalition, piling further pressure on Prime Minister Paetongtarn Shinawatra.

The Stock Exchange of Thailand Index fell 2.4%, marking its longest losing streak since February in a sixth straight day of decline. The gauge has plunged nearly 24% this year, making it the worst performer among the world’s major markets.