Stocks, baht drop on protest blast | Bangkok Post: news

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Stocks, baht drop on protest blast

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Thailand's benchmark stock index and the baht retreated from three-week highs after an explosion at an anti-government protest injured 36 in Bangkok. 

An employee counts bundles of one-thousand baht banknotes inside a Bangkok Bank Plc branch at the company's headquarters. The baht retreated from three-week highs after an explosion at an anti-government protest on Friday. (Bloomberg photo)

"There is no reason to buy the baht or Thai assets while the protests continue,'' said Shigehisa Shiroki, chief trader on the Asian and emerging-markets team at Mizuho Bank Ltd in Tokyo. "The longer the unrest lasts, the more foreign investors will be reluctant to buy Thai assets.''

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