You and your Thai Wife of 20 years.

[churchill]

BANGKOK -(Dow Jones)- The Stock Exchange of Thailand warned Thursday that trading volatility could intensify later this month when the Supreme Court delivers its verdict on the fate of THB76 billion ($2.3 billion) in assets belonging to ousted Prime Minister Thaksin Shinawatra.

Thaksin's assets have been frozen since he fled Thailand in 2008 just before a court convicted and sentenced him to two years in jail for abuse of power. The Supreme Court is scheduled to rule on Feb. 26 on whether the assets should be seized by the state or handed back to the former premier.

The money is the proceeds from the 2006 sale of Thaksin family shares in telecommunications company Shin Corp. to Singapore state investment company Temasek Holdings Pte. Ltd.

Stock exchange President Patareeya Benjapolchai told reporters that the volatility, however, is unlikely to be enough to trigger a circuit breaker - when the market surges or falls by 10%.

Under Thai bourse rules, in the case of a circuit breaker, trading will be halted for 30 minutes. If the index rises or falls by another 10%, trading is suspended for one hour.

The circuit breaker has been applied only three times in the market's history--in December 2006 when the Bank of Thailand imposed capital controls, and twice in October 2008, when worries over the global economic recession triggered panic selling.

Separately, Patareeya said Vietnamese central bank's decision to devalue the dong may only slightly affect the Thai market.

http://www.easybourse.com/bourse/actualite...07188757-797525

[nakachalet]

as the exchange president pa-ta-reeya should refrain from making remarks that might cause over- or under- trading....

and she did just that to instigate and to further influence public opinion and trading activities....

or perhaps pa-ta-reeya just desired to getting into news ....

[hhgz]

"perhaps pa-ta-reeya just desired to getting into news ...."

You hit the nail on the head. Reading both the Post and Nation daily, you can find some of the most outrageous comments ("rice crisis will take a decade to fix", "swine flu will kill one million Thais") by virtually unknown governmental functionaries. "Hey, I made a complete a$$ out of myself, but at least I got my name in the paper. Woohoo!"

[churchill]

Thai Share Trading May Slump More on Thaksin Ruling

"Thai stocks will jump if the court opts for “a compromise,” allowing only part of Thaksin’s assets to be seized, Poranee said. If the court allows all of Thaksin’s assets to be confiscated, “the worst scenario,” stocks may be hurt by heightening political tension, she said."

http://www.bloomberg.com/apps/news?pid=new...id=aoxR_gW9fZqs