Thailand’s baht, bonds and stocks rose as Prime Minister Yingluck Shinawatra said she will dissolve parliament after lawmakers from the main opposition party quit en masse to join protests aimed at ousting her.
The leader of Thailand’s anti- government protests called for a nationwide demonstration on Monday, Dec. 9, and said marches would end that day if they failed to oust Prime Minister Yingluck Shinawatra.
Most emerging-market stocks declined, with the benchmark index heading for the first weekly slide in a month, as Thai shares retreated amid political protests and investors weighed the outlook for U.S. stimulus. The baht fell.
Thailand’s economy has withstood coups and regime-changing protests for decades, luring manufacturers including Toyota Motor Corp. even when turmoil dented stocks and the baht. This time may be tougher.