The Thai stock market is expected to fall to a five-year low due to political turmoil.
According to Bloomberg, Thailand's stock market benchmark index fell on Thursday, approaching its lowest closing level since March 2020. Earlier, the Thai government's second-largest party withdrew from the ruling coalition, which put further pressure on Prime Minister Padontan Shinawatra. The Stock Exchange of Thailand index fell 2.4% at one point before giving back. The index has fallen about 23% this year, making it the worst performer among the world's major stock markets.