Thailand’s benchmark stock index fell as much as 1.1%, while the baht lost 0.2% against the US dollar.
Thailand was thrust into deeper political crisis after the Constitutional Court dismissed Prime Minister Paetongtarn Shinawatra for ethics violations, setting off the search for a third leader in two years.
The nine-member court said Paetongtarn violated constitutional provisions on ethical standards during a phone call in June with former Cambodian leader Hun Sen about a border dispute. The judges said her remarks on the call, which were leaked, undermined the pride of the premiership and the nation while prioritising her political interests. The 6-3 decision is final and not open to appeal.
