Thai stocks, currency plunge over election uncertainty


  • World
  • Thursday, 02 Jan 2014

BANGKOK (Reuters) - Thai stocks and the baht currency tumbled on Thursday as uncertainty deepened about a February election that anti-government forces are determined to block in their bid to oust Prime Minister Yingluck Shinawatra.

The benchmark index dropped 2.7 percent to a four-month low of 1,263.72 before the midday break and the baht lost for a 10th straight day against the dollar. Investors are worried a February 2 poll will not go ahead, leaving Yingluck's government exposed to prolonged attacks by opponents.

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