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Stock Exchange of Thailand cautiously welcomes expected victory by Bush.

Bangkok Post (Bangkok, Thailand)

| November 04, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Nov. 4--Thai shares gained 1.47 percent yesterday in a volatile session as investors cautiously welcomed the prospect of a second term for US President George W. Bush.

Activity picked up in afternoon trade as election returns tilted toward a narrow victory for Mr Bush over challenger Sen John Kerry, although uncertainty remained over the final vote tally in several crucial US states.

The Stock Exchange of Thailand index closed at 641.29 points, up 9.3, on trade worth 17.1 billion baht. Energy stocks gained 1.83 percent, communications stocks rose 4.26 percent and property was up 0.44 percent.

Analysts said the prospect of a victory by Mr Bush helped reassure investors that US economic policy would remain mostly unchanged, particularly moves to forge bilateral trade ...

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