SET swoons after IMF slashes growth | Bangkok Post: business

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SET swoons after IMF slashes growth

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The Thai stock market plunged nearly 2% yesterday, in line with poor sentiment across Asean after the International Monetary Fund (IMF) cut its growth projection. 

Emerging markets are also concerned about the US Federal Reserve's imminent decision on quantitative easing tapering.

Analysts suggested investors cut stocks to a maximum of 30% in the portfolio.

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