Thai Markets Surge as Anutin’s Historic Win Sparks Reform Bets

Some of Thailand’s biggest money managers say the election win for Prime Minister Anutin Charnvirakul will bolster markets given his plans to attract foreign investment and support consumers.

Both local and foreign capital should return to the nation’s stocks, according to Kasikorn Asset Management Co., which manages about $58 billion. The outcome also paved the way for the Thai baht to strengthen, said SCB Asset Management Co., the country’s biggest private money manager. Citigroup Inc. recommends investors buy consumer stocks.