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Thai stocks, baht jump on optimism over royal transition

SET up 4.6%, baht rises 0.9%; volatility expected
Saturday, October 15, 2016 - 05:50
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The Stock Exchange of Thailand building. The SET rose 15 per cent in the first nine months of the year. 

Kuala Lumpur

THAI stocks jumped the most since 2013 and the baht strengthened on prospects for a smooth transition following the death of King Bhumibol Adulyadej, the world's longest reigning monarch.

The benchmark SET Index surged 4.6 per cent to close at 1,477.61 on Friday and