Thai markets expected to rise after pro-army party leads in election


  • World
  • Monday, 25 Mar 2019

An electoral staff member shows a ballot during vote counting at the general election in Mae Hong Son, Thailand, March 24, 2019. REUTERS/Ann Wang

BANGKOK (Reuters) - Thailand's shares and the baht currency looked set to rise on Monday after partial results from Sunday's general election showed a pro-army party ahead of the populist party leading a "democratic front" in the first vote since a 2014 coup.

The prospect of continuity, with the possibility of junta chief Prayuth Chan-ocha staying on as prime minister, should reduce uncertainty in Southeast Asia's second-largest economy and encourage foreign fund inflows, analysts and fund managers said.

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