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Shares of IDP Education, the Australian-headquartered international student placement giant, plummeted as much as 48 percent after the company announced it was bracing for a steep decline in student placement volumes, warning investors that tightening government visa rules are upending the market for cross-border education Reuters, Investing.com. The warning, issued on June 3, reverberated not just through financial markets but across the global higher education sector—including Thailand, a country with a fast-growing cohort of outbound students and deepening ties to international universities.