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Yingluck's courtroom no-show sends Thai stocks to 2-year high

Investors relieved no widespread protests erupted over potential sentencing

HIROSHI KOTANI, Nikkei staff writer | Thailand

BANGKOK -- Thai investors have reacted to former Prime Minister Yingluck Shinawatra's failure to appear in court by sending the nation's stocks to a high not seen in two and a half years.

On Tuesday, Thailand's SET composite index closed above the 1,600-point threshold for the first time since February 2015. Although the benchmark gave up some of that gain Wednesday, it still finished at 1,613.34 points -- 2.4% higher compared with the end of last week's sessions.

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