shift, said spokeswoman Yuriko Yabe. Its motorcycle unit would operate normally. Nissan, Japan's second-largest automaker, lost 0.6 percent to 1,311 yen. The company closed its two factories in Thailand today following "advice" from the Thai government, according to spokeswoman Mihoko Takeda. SingTel, Southeast Asia's largest phone company, lost 1.7 percent to S$2.38. It owns about a fifth of Advanced Info Service Pcl, Thailand's biggest mobile-phone operator. Thai Beverages, the nation's biggest brewer, declined 1.7 percent to 28.5 Singapore cents in Singapore trading. Hutchison Telecommunications International Ltd., which has a stake in a mobile-phone venture in Thailand, fell 2.1 percent to HK$12.92. Travel-related stocks declined on concern tourists may be deterred from visiting Thailand. AirAsia Bhd., Southeast Asia's biggest discount airline, fell 0.6 percent to 1.55 ringgit. The company owns a 49 percent stake in Thai AirAsia Co. Singapore Airlines, the world's No. 2 carrier by market value, lost 0.7 percent to S$14.60. Singapore Air and its SilkAir unit operate 71 flights a week to destinations in Thailand. "Budget airlines may be more affected," said DBS Asset Management's Teo Chon Kiat. "Tourists will try to avoid the country as a destination. Tourism makes up quite a substantial portion of the economy." Hana Tour Service Inc., the No. 1 South Korean travel company by sales, dropped 2 percent to 63,900 won. One in 10 South Korean holiday makers going abroad went to Thailand in 2005, according to Mirae Asset Securities Co. Singapore-based Banyan Tree Holdings, an operator of luxury hotels that owns properties in Bangkok and Phuket, dropped 2.8 percent to 85.5 Singapore cents. Currency The Thai baht encountered its largest loss in almost three years after the military seized control of Bangkok and Prime Minister Thaksin Shinawatra declared a state of emergency, sparking a broad decline in a number of Asian currencies. The baht fell 1.3 percent to 37.77 per dollar at 5:06 p.m. in New York, from 37.29 late on Sept. 18, the biggest decline since Oct. 14, 2003. The baht trimmed losses after falling by as much as 1.8 percent on speculation King Bhumibol Adulyadej will resolve the crisis. The baht is still up 8.5 percent against the dollar this year, beating the Indonesian rupiah for the biggest advance among 15 Asian currencies tracked by Bloomberg, as record exports spurred a trade surplus. "The baht will come under more pressure," said Marios Maratheftis, a currency strategist at Standard Chartered