Thai shares likely to fall further

Thailand's stock market is seen falling further as persistent political turmoil stokes investors' fears amid growing concerns over a slowdown in the global economy, analysts said.
"Down-side risks like political turmoil in Thailand and weak data in the US economy are seen influencing the market next week. That can drag the index lower," said Kavee Chukitkasem, assistant managing director at Kasikorn Securities.
Kavee said current political problems in Thailand, if not resolved quickly and properly, will continue pressuring the Thai bourse. "The current political problems will later cripple the country's economic growth," Kavee warned.
The market is down more than 26 percent since anti-government protests first broke out in late May.
Tensions soared last week when protesters stormed into Thailand's main government complex on August 26, demanding Prime Minister Samak Sundaravej resign. Samak firmly refuses to step down.