Share market prepares for aftershocks of Yingluck verdict

[rooster59]

Share market prepares for aftershocks of Yingluck verdict

By The Nation

 

 

The Stock Exchange of Thailand is bracing for any possible impact from the verdict in the trial of former prime minister Yingluck Shinawatra, and has made an assurance that any effect on financial markets will be short-term.

Kesara Manchusree, president of the SET, said on Saturday that the Thai capital market was protected from any shock that might happen as a result of the verdict.

 

Yingluck is accused of being negligent in her duty to supervise an allegedly corrupt rice-pledging scheme. The Supreme Court will hand down its verdict on August 25.

 

Kesara said the stock market had been through many political upheaval events in the past. Investors were now more mature, and the stock market had tools to deal with the issue, she said on Saturday. 

 

Full story: http://www.nationmultimedia.com/detail/breakingnews/30321508

 

 

-- © Copyright The Nation 2017-07-23

[williamgeorgeallen]

yes yes everything will be fine as long as everyone thinks it will be fine.

[farcanell]

Another day in paradise...  

 

I think I will wait till the end of August before moving any monies to top up my "visa account".... there may be a potential windfall in this.

 

 

[elzach]

Heck, the Baht is protected too....from the Bank of Thailand.

 

Meanwhile, the billions of dollars that has been spent to keep the Baht artificially strong, could have gone to building (some) infrastructure outside of BKK. Anyone having noticed any upgrade on any transport infrastructure, for example,  anywhere in Thailand, please post photos here.

 

PS. How do you support the SET? You "instruct" certain funds to buy blindly and "discourage" from selling. Q: Can this be done actually? A: China does it every day.

[lungbing]

How dare you suggest the government spend some money outside Bangkok!    That's our (helicopter/submarine/tanks/trainer aircraft---delete or add to as necessary)  money you're saying we should spend on people who don't support us.