The Thai stock exchange has fallen nearly 8% over the last few days. That's a hefty drop for any market. Analysts aren't putting the plunge down to any great change in economic fundementals, though. Instead it's continuing concerns over his Majesty the King's health that are spooking the market; he remains in hospital and is now being treated for a lung inflammation.This drop in share-values shows that the bankers, brokers, book-keepers and buyers know well the steadying influence that the Thai monarch has upon the country and the potentially devasting vacuum that would arise from his departure.
No comments:
Post a Comment