Thai election results boost opposition parties and baht.
Thai stocks briefly rose before paring gains and the Thai baht gave up early gains after preliminary results showed pro-democracy parties secured a strong majority in Sunday's general election. It remains to be seen which parties will form the new Thai government as a coalition is needed since both opposition parties don't have enough votes to form a new government. The largest winning party should be able to form the government, but there are three steps to it: Winning the elections, forming the government, and getting the Prime Minister. The Thai markets are expected to be initially cautious as the results are finalized and certified.