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My Profile Top News Reuters top ten news stories delivered to your inbox each day. 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On the first day of trading after violent protests by ousted premier Thaksin Shinawatra's "red-shirt" supporters over the weekend and on Monday, the stock market opened around 1 percent lower, then briefly went into positive territory. At midsession the index was down 0.14 percent. "There's speculative demand from both local funds and some foreign investors. But I still think this political calm is just temporary," said Kosin Sripaiboon, head of research at UOB Kay Hian Securities. Stock market volume was thin after the government extended the Thai New Year holiday to cover the whole week to help it restore order. Many Thais book the whole week off work anyway at this time . Three protest leaders appeared in court on Thursday when police sought authority to extend their custody on charges of violating the state of emergency declared on Sunday. Around 100 supporters demonstrated peacefully outside the Criminal Court in central Bangkok, without the red shirts normally worn by supporters of Thaksin, the figurehead of the protest movement. Two people died in Bangkok in skirmishes between the "red shirts" and local residents, the authorities said, while at least 123 were injured in clashes between troops and protesters, mainly on Monday when demonstrators blocked a big road junction. Thaksin, ousted in a military coup in 2006, was stripped of his Thai passport on Wednesday after the government blamed him for instigating the violence. The Nicaraguan government said it had given the former telecoms billionaire a diplomatic passport and made him a "special ambassador" to help attract investment. A cabinet meeting on Friday may discuss whether to maintain the state of emergency in Bangkok. "We have to talk about the way forward now," said Thaworn Senneam, a deputy interior minister. TOURISM MAY SUFFER Even shares in tourism-related sectors recovered after an initial fall, with Thai Airways International up 3.6 percent after falling as much as 2.6 percent in early trade and Airports of Thailand erasing an early 2.3 percent fall. But hoteliers edged lower, with Minor International down 1.6 percent, Erawan Group sinking nearly 4 percent and Central Plaza Hotel PCL down 1.3 percent. Foreigners may be deterred from visiting Thailand after violence in both Bangkok and the resort of Pattaya, where an Asian summit had to be canceled on Saturday after protesters invaded the venue. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! 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