SE Asia Stocks-Thailand rises most in five years



By Susan Mathew Oct 14 Thai shares rose 4.6 percent on Friday, the sharpest in five years, as markets stayed calm after the death of King Bhumibol Adulyadej on Thursday. The king had been unwell for much of the past year and the announcement by the palace of his passing away followed two announcements made over the past week about his deteriorating health. The Thai stock index started recovering towards the end of Thursday's trading after four sessions of falls. "The fast money tends to sell first and then when the news is out, they rebalance their positions. They (investors) may have... read more

 
14 October 2016 in World News, Views: 32
Source: Reuters
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