What Analysts Say About Baht, Stocks as Uncertainty Grips Race to Pick Thailand PM
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Thai equities were volatile after capping their longest rally since the start of the year as investors weighed if a new government can emerge without triggering violent protests after a popular leader’s premiership bid was blocked.
Parliament yesterday barred the leader of the party that won most votes in the May general election — Pita Limjaroenrat — from his premiership bid, prompting expectations that the second-largest party, Pheu Thai, will nominate its candidate when lawmakers next meet.