Seeking Alpha

No coup in Thailand: Navy chief

  • Nothing to see here. "There will be no coup as we believe the tension is easing and everything will be back to normal soon," Thailand's navy chief says, allaying fears that the country may see its 19th attempted military coup in the past 80 years.
  • Although Prime Minster Yingluck Shinawatra's government continues to trade harsh words with opposition leader Suthep Thaugsuban, the administration's willingness to allow protesters to enter government ministries is seen as a sign that violent upheaval is likely off the table.
  • Thai shares (THD, TTF, TF) are relatively calm, slipping 0.5% in Bangkok.
  • Elsewhere in the region, markets in Indonesian (IDX, EIDO, IDXJ) and the Philippines (EPHE) slide more than 1% each.
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