(Bloomberg) — Thailand’s markets were divided over the outcome of Sunday’s elections, with stock traders waiting on the conclusion of talks between opposition parties to form a coalition government.
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The baht rallied by the most in five weeks after opposition parties, which have promoted pro-growth policies, emerged as the biggest winners in the polls. The benchmark SET Index though fell as much as 1.3% amid uncertainty over the composition of a new government.
Pita Limjaroenrat, the head of the Move Forward Party, is seeking a mandate to serve as Thailand’s new prime minister as he reached out to five parties for support. Should he succeed, he’ll replace the military-backed government of Prime Minister Prayuth Chan-Ocha, who took power in a 2014 coup.
“Projected…
