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Thai court invalidates general election

Mar. 21, 2014 2:42 AM ETTHD, PGDDF, AYTBy: Yigal Grayeff, SA News Editor
  • Thailand's Constitutional Court has ruled that a snap general election in February was invalid, as protests in several parts of the country prevented voting from being completed on the same day.
  • Prime Minister Yingluck Shinawatra had called the ballot in an attempt to quell often violent protests that were aimed at forcing her to resign.
  • The court's decision comes two days after the government lifted a state of emergency that had been in place since January as a response to the demonstrations, which were scaled back a couple of weeks ago.
  • The turmoil in Thailand has hit the baht and shares, and has threatened the tourism industry.
  • Thailand's SET stock index is -0.1%, while the USD-THB is +0.1% at 32.418 baht.
  • ETFs: THD, AYT, PGD

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