Make-or-Break Month for Thailand Markets as Parliament Set to Pick a Prime Minister
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Inside the Parliament in Bangkok, earlier in July.
Photographer: Lillian Suwanrumpha/AFP/Getty Images
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For Thai markets, July may well be a make or break month as the nation’s parliament picks a prime minister, which would signal a successful transition of power after almost a decade of military-backed rule.
Since the May election — in which pro-democracy parties racked up the most seats but weren’t able to immediately form a government — global investors have sold more than a net $2.4 billion of stocks and bonds. The uncertainty from the prolonged process hurt the baht, which fell some 2.5%.