By Goh Eng Yeow, Markets Correspondent

BAD news from India and Thailand yesterday put paid to the 'feel good' sentiment among Asian investors which had been engendered by a deep cut in interest rates by China.

Stock prices across the region had risen sharply in early trading, as investors were cheered by China's aggressive 1.08 percentage point rate cut - designed to keep its economy humming.

But this soon gave way to widespread profit-taking, as TV stations started carrying gruesome images of the deadly terrorist attacks on the Indian financial centre of Mumbai.

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