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Thai shares dip amid coup rumours Thai shares dip amid coup rumours
(about 2 hours later)
Thailand's stock market has fallen for the fifth trading day in a row, amid ongoing anti-government demonstrations and rumours of a military coup.Thailand's stock market has fallen for the fifth trading day in a row, amid ongoing anti-government demonstrations and rumours of a military coup.
Activists accuse PM Samak Sundaravej of changing the constitution to protect his predecessor Thaksin Shinawatra.Activists accuse PM Samak Sundaravej of changing the constitution to protect his predecessor Thaksin Shinawatra.
Army chief Anupong Paochinda has said the military will not intervene in the dispute, and has denied rumours that a repeat of the 2006 coup is imminent.Army chief Anupong Paochinda has said the military will not intervene in the dispute, and has denied rumours that a repeat of the 2006 coup is imminent.
The army would "not use force against the people," his spokeswoman said.The army would "not use force against the people," his spokeswoman said.
Shaky investor confidenceShaky investor confidence
But investor confidence remained shaky and the Bangkok stock exchange dipped 2.8%, adding to the 4.8% fall it suffered last week in its biggest weekly decline since just before the last coup.But investor confidence remained shaky and the Bangkok stock exchange dipped 2.8%, adding to the 4.8% fall it suffered last week in its biggest weekly decline since just before the last coup.
Finance Minister Suraphong Suebwonglee told reporters: "I have to admit that the problems over the past week have affected confidence."Finance Minister Suraphong Suebwonglee told reporters: "I have to admit that the problems over the past week have affected confidence."
Protesters took to the streets for an eighth day on Monday to demand Mr Samuk's resignation. Protesters took to the streets for an eighth day on Monday to demand Mr Samak's resignation.
One of the protest leaders said the demonstrators would defy a government request to leave their positions near the United Nations building in Bangkok.One of the protest leaders said the demonstrators would defy a government request to leave their positions near the United Nations building in Bangkok.
On Sunday, the prime minister backed away from a threat he had made a day earlier to send in the police and military to clear protesters off the streets.On Sunday, the prime minister backed away from a threat he had made a day earlier to send in the police and military to clear protesters off the streets.
The military removed Mr Thaksin in 2006 after months of unrest by demonstrators who accused the former prime minister of corruption and destroying democracy in Thailand.The military removed Mr Thaksin in 2006 after months of unrest by demonstrators who accused the former prime minister of corruption and destroying democracy in Thailand.
Mr Samak, whose party won a general election last December, is widely seen as a proxy for Mr Thaksin.Mr Samak, whose party won a general election last December, is widely seen as a proxy for Mr Thaksin.
After months of exile, Mr Thaksin returned to Bangkok earlier this year to face corruption charges against him and his family.After months of exile, Mr Thaksin returned to Bangkok earlier this year to face corruption charges against him and his family.