KONTAN.CO.ID - BANGKOK. Thailand's shares and the baht currency looked set to rise on Monday after partial results from Sunday's general election showed a pro-army party ahead of the populist party leading a "democratic front" in the first vote since a 2014 coup. The prospect of continuity, with the possibility of junta chief Prayuth Chan-ocha staying on as prime minister, should reduce uncertainty in Southeast Asia's second-largest economy and encourage foreign fund inflows, analysts and fund managers said. "While this seems to leave the political situation in a non-conclusive state ... the elections have gone rather smoothly," said Kobsidthi Silpachai, head of capital markets research of Kasikornbank.
Thai markets expected to rise after pro-army party leads in election
KONTAN.CO.ID - BANGKOK. Thailand's shares and the baht currency looked set to rise on Monday after partial results from Sunday's general election showed a pro-army party ahead of the populist party leading a "democratic front" in the first vote since a 2014 coup. The prospect of continuity, with the possibility of junta chief Prayuth Chan-ocha staying on as prime minister, should reduce uncertainty in Southeast Asia's second-largest economy and encourage foreign fund inflows, analysts and fund managers said. "While this seems to leave the political situation in a non-conclusive state ... the elections have gone rather smoothly," said Kobsidthi Silpachai, head of capital markets research of Kasikornbank.