Thai Transport Minister Suriya Juangroongruangkit has taken over prime ministerial duties from Paetongtarn Shinawatra, following her suspension yesterday. However, his tenure will only last a full day.

Paetongtarn Shinawatra is accused of ethical lapses in a conversation with the Cambodian leader Hun Sen and has faced calls to resign.

Thai stocks and the baht gained Tuesday as the Constitutional Court’s move to suspend Prime Minister Paetongtarn Shinawatra sparked optimism that political tensions would subside.