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Markets drop as EM woes come together

But observers say economic growth environment still positive, no contagion

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Asian markets took fright yesterday, led by declines in Japan, Hong Kong, India and Indonesia, while European markets also dipped. Selling pressure came from a correction in US stock markets last Friday - PHOTO: REUTERS

[SINGAPORE] Asian markets took fright yesterday, led by declines in Japan, Hong Kong, India and Indonesia, while European markets also dipped. Selling pressure came from a correction in US stock markets last Friday. Observers said that sentiment about emerging markets remains poor because of

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