Seeking Alpha

Thais vote in election amid protests

  • Thailand is going to the polls today in an election that the main opposition Democrat Party is boycotting and which comes after weeks of mass protests that were aimed at forcing Prime Minister Yingluck Shinawatra to resign.
  • Shinawatra's party is projected to win, although the country may be left in limbo due to possible legal challenges and a lack of a quorum of MPs.
  • Anti-government protestors have forced the closure of some polling stations in Bangkok and the south, while gun battles took place in the capital yesterday.
  • The turmoil in Thailand has hit the baht and shares, and threatens the tourism industry.
  • ETFs: THD, AYT, PGD
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