Bangkok  - Thai shares fell 3.85 per cent Wednesday on worries about a global economic slowdown and fighting on the Thai-Cambodian border.

The Stock Exchange of Thailand index closed at 481.5, down 19.27 points.

"Investors were concerned that the US bail-out measures will result in a global economic slowdown," said Mongkol Phuangphatha, an analyst at Adkinson Securities.

"Then there was news of fighting on the Thai-Cambodian border, which didn't help any," he added.

Thai and Cambodian troops briefly exchanged rifle fire Wednesday afternoon, resulting in at least one minor casualty on the Thai side.

Bangkok - Cambodian soldiers fired on Thai soldiers, wounding two, Wednesday afternoon along the disputed border, according to Thai TV reports from the area.

The Cambodian side opened fire at 2:25 pm and allegedly injured two Thai soldiers, according to the reports, which have not been confirmed by the Thai Foreign Ministry or the army.

The incident reportedly occurred 3 kilometres away from Phreah Vihear, an 11th century Hindu temple that has been the cause of many border disputes between the two neighbouring countries for almost five decades.

Bangkok  - Thai shares jumped 5.13 per cent in value Tuesday, up, but not up to expectations, analysts said.

The Stock Exchange of Thailand (SET) index ended at 500.71, up 24.44 points or 5.13 per cent.

"International factors pushed the market up but prices didn't go up as high as expected," said Mongkol Phuangphaetha, a stock analyst at Adkinsons Securities.

"Perhaps there was some hesitancy to buy because of fears of a clash with Cambodia," he added.

Cambodian Prime Minister Hun Sen on Monday warned Thailand to withdraw its troops from a disputed area around the Preah Vihear temple on the Thai-Cambodian border by Tuesday or face a fight.

Phnom Penh - Thai troops have withdrawn from a disputed northern border area near a sacred ancient temple after threats of war from Prime Minister Hun Sen, Cambodian authorities said Tuesday.

Director-general of Cambodia's Preah Vihear National Authority Hang Soth said by telephone that Thai troops had moved their camp back from an area near the 11th century Preah Vihear temple Tuesday morning, just an hour before the midday deadline set by Hun Sen for when he would order Cambodian troops into battle

Bangkok - Thailand on Tuesday said the country would defend itself from any Cambodian "use of force," while expressing "surprise" at Cambodian Prime Minister Hun Sen's ultimatum to remove its troops from a disputed border area or face a "large-scale conflict."

Bangkok  - Thai shares jumped 5.39 per cent in value Monday on regional and European rebounds as confidence returned somewhat to equity markets.