InfoAnda - Thai stocks sink after deadly Bangkok clashes

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Thai stocks sink after deadly Bangkok clashes AFP - Tuesday, April 13 Send IM Story Print Thai stocks sink after deadly Bangkok clashes BANGKOK (AFP) - – Thai stocks plunged Monday as fears grew that the country's worst political unrest in almost two decades will take a heavy toll on the economy and key tourist sector. The Stock Exchange of Thailand's composite index slumped more than five percent at one point following weekend clashes in Bangkok which left 21 people dead and more than 800 injured. By the close it was down 28.76 points, or 3.64 percent, at 760.90 "Political upheaval is driving down the index because there's no end in sight," said Sasikorn Charoensuwan, analyst at Phillip Securities. Against such an uncertain backdrop, investors were reluctant to buy ahead of the Songkran festival, which celebrates the traditional Thai New Year and starts on Tuesday. Thailand's "anti-government" Red Shirts vowed to press on with their bid to overthrow the government. Thailand has been beset by repeated protests by rival red- and yellow-clad protest groups, hitting an economy that sank into recession last year for the first time since 2000 amid a severe global economic crisis. Recommend Send IM Story Print Related Articles RLPC-Ineos improves terms of loan amendment on pushback Reuters - 24 minutes ago US-BUSINESS Summary Reuters - 28 minutes ago China bank lending slows as Beijing's curbs bite Reuters - 28 minutes ago Not yet clear when U.S. recession ended: NBER Reuters - 30 minutes ago Atlas Energy to enter into long term service contracts Reuters - 33 minutes ago News Search Top Stories Fresh doubts hit Europe's Greek bailout offer UBS reports 2.5 bln francs in quarterly pre-tax profit Greek debt plan boosts euro, most Asian shares Al-Qaeda would use nuclear bomb on US: Obama Euro rises on Greek rescue package More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended 'All bets are off' if US under WMD attack: Clinton Al-Qaeda would use nuclear bomb on US: Obama American teen aims for Everest record Fresh doubts hit Europe's Greek bailout offer Taiwan's male 'Susan Boyle' a web sensation More Most Viewed » 'Rare' fossil of new dinosaur species found in US Two-million-year-old hominid sheds light on evolution Taiwan's male 'Susan Boyle' a web sensation Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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