Thai election results hammer power and construction companies

Move Forward party pledge to cut energy bills, raise wages hits industry outlook

20230523 Thailand election market

Shares in Thailand's largest independent power generating company Gulf Energy were down 7.6% on Tuesday compared with the price prior to the election on May 14. © Reuters

APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writer

BANGKOK -- Shares of Thai power generation and construction companies have come under pressure as the market carefully factors in the outcome of the country's general election on May 14.

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