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Banks' price retreat pulls down STI

Oil-affected counters manage to hold their ground after having been battered for several days


THE three Singapore banks have propped up the Straits Times Index (STI) and ensured its outperformance in the past fortnight as other markets tanked in the wake of sliding oil prices. So it was perhaps only to be expected that a collapse in the banks on Tuesday sent the index reeling by 79.05