2014 SET target cut to 1,534 | Bangkok Post: business

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2014 SET target cut to 1,534

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The Investment Analysts Association (IAA) cut its 2014 SET index target to 1,534 points amid concerns over local politics and economic slowdown, as well as the US Federal Reserve's stimulus rollback. 

The downward revision indicates the local stock market's upside is limited, while the SET index is heading for the first annual loss since 2009.

Poranee Thongyen, IAA's director, said the latest target of the main gauge has been slashed from 1,700 points surveyed in July.

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