Thai shares on watch as political turmoil persists

|About: Thai Capital Fund (TF-OLD)|By:, SA News Editor

Thailand's Internal Security Act will be in effect for at least two more months, a government official says. The measure gives the police expanded powers as they attempt to manage the country's increasingly fragile political situation.

Meanwhile, Prime Minister Yingluck Shinawatra has suggested that a 499-member National Reform Council be appointed to address possible changes to the country's constitution and electoral process.

The opposition — who would generally prefer that no party linked to Yingluck's brother Thaksin Shinawatra be allowed to rule — claims the council would be beholden to Yingluck. "It is certain that she will interfere with the proposed council," an opposition spokesperson says.

Thai stocks (THD, TF, TTF) are on watch as it remains to be seen whether protesters will make good on their promise to disrupt new elections set for February. The SET edged up 0.4% Wednesday.