Asian Equities Higher Whilst Thailand Down

Asian equity markets rose on Friday thanks to gains on Wall Street overnight, but geopolitical risks in Thailand and Ukraine remained firmly in focus

U.S. stocks rose modestly on Thursday as investors weighed mixed economic reports. The Markit Economics preliminary index of U.S. manufacturing rose to 56.2 in May from 55.4 in April, while more Americans than estimated filed claims for jobless benefits last week.

Thailand’s benchmark SET stock index opened down 2 percent while the Thai baht was 0.2 percent higher against the dollar after the country’s army chief seized control of the government in a bloodless coup late on Thursday. The move came two days after he declared martial law, saying that the military had to intervene in order to end the country’s six-month old political deadlock.


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