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Thai stocks sink after coup, currency stabilizes

By Washington Examiner
Published May 23, 2014 4:21am ET
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Thai stocks sink after coup, currency stabilizes
Pedestrians are reflected on the electronic stock indicator of a securities firm in Tokyo Thursday, May 22, 2014. Japan's Nikkei led gains in Asian stock markets Thursday after a manufacturing survey suggested the slowdown in China's economy is flattening out and Fed minutes reinforced expectations the U.S. central bank won't rush to raise interest rates. Japan's Nikkei 225 rose 295.62 points, or 2.1 percent to 14,337.79. (AP Photo/Shizuo Kambayashi) | Shizuo Kambayashi

BANGKOK (AP) — Thailand’s stock market sank Friday, a day after the country’s military seized power in a bloodless coup. Other Asian stock markets were mostly higher, with Japan boosted by weakness in the yen.

Bangkok’s SET index fell more than 2 percent in the opening minutes of trading before moderating its losses to be down 1.4 percent at 1,385.80. Thailand’s currency stabilized after falling about 0.4 percent against the dollar after the coup was announced early Thursday evening.

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China Financial Markets