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Thai Coup May Be A Boon for Stocks On Local Exchange

Summary: Thailand's bloodless military coup earlier this week may actually help the Thai economy, according to investors familiar with the matter. "A new government could be the incentive that has long been lacking in this market," said Shane Oliver, chief economist at AMP Capital Investors. As a result of the coup, Hong Kong research-and-securities firm CLSA Ltd. raised its recommended Thai holdings in an Asia portfolio to 4% from 3%, another indication investors believe the coup may indeed have a positive effect on the Thai economy. After being closed yesterday, Bangkok's stock exchange reopened today down 2.8%. Read full article
Related links: Economic Lessons From The Thai Coup • CNN: Thai coup rattles Asia stocks

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Source: Bloodless Coup May Give the Thai Economy a Boost