EMERGING MARKETS-Thailand stocks gain amid rising Asian equities; PM Thavisin awaits verdict
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 14 2024
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Source: Yahoo Finance
Thai Political Uncertainty: Thai stocks rose as investors awaited a court ruling on Prime Minister Srettha Thavisin's potential dismissal over ethical violations, with a favorable outcome expected to stabilize the political landscape and boost investor confidence.
Regional Market Performance: Most Asian equity markets saw gains, particularly in Indonesia and the Philippines, while currencies like the Indonesian rupiah strengthened amid expectations of interest rate cuts by Bank Indonesia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
