Investors are hoping that some kind of political compromise will end political uncertainty.
—Rakpong Chaisuparakul
It is too early to tell but certainly the court’s acceptance created further uncertainty over Thai politics.
The court’s decision was a positive surprise for investors as they expected the court to look into the case.
People may chase telecom and energy shares that suffered the most due to the controversy.
The Thai market was under pressure due to regional declines. The markets in Taiwan, South Korea and Singapore all fell today and sentiment was very weak.
Although political strains remain a short-term threat, investors should shrug off this issue and revert to economic fundamentals and stock selections.
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