Political turmoil standoff has shed the stock market value by over 1.5 trillion baht ($45,454 million) so far since the beginning of the year until September 4, the Stock Exchange of Thailand’s statistics show.

Foreign investors were net seller of 107 billion baht over the past nine months, thrashing the versatile SET value to go down by 1.46 trillion baht to 5.2 trillion baht in market capital when compares with 6.6 trillion at the end of last year.

“Foreign investors are worrying that the ongoing political conflict would go worse, which sentimentally keep them from coming back,” analysts said.

Thailand has declared state of emergency at its capital city as violent sparked on Sunday from clashes between pro-government and anti-government demonstrators, resulting one protester killed in melee.

The decree is however refused to obey by thousands of anti-government demonstrators.

In a resented reply to mob’s demand for his resignation, embattled Prime Minister Samak Sundaravej confirmed to stay in power and restore order to the city.

S&P has threatened to cut Thailand’s rating if violent further escalated, Forbes reported.

The country currently has a rating of BBB-plus.