Thailand was calm on Wednesday, a day after the military declared martial law but uncertainty loomed over a country that has been rocked by six months of streets protests and no proper functioning government.
"Even though the military is in control right now there is a lot of uncertainty," said Roberto Herrera-Lim, managing director at Teneo Holdings in New Jersey and who covers political and business risk in Southeast Asia.
"There is no common ground between the two [political] sides, so this is going to be difficult and it is going to create uncertainty for the markets," he added.
Thai army chief, General Prayuth Chan-ocha, on Tuesday stressed that martial law was not a prelude to a military coup and that the military has intervened to restore order.
A power struggle between supporters of former Thai Prime Thaksin Shinawatra and the royalist establishment have paralyzed the country, which is currently being led by a caretaker government until fresh elections take place.