Thai Stocks Sink After Coup, Currency Stabilizes

May 23, 2014 4:23 AM

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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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