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Cautious trading as players wait for clarity from Trump

THE reflation play that marked most of November and December 2016 appears to have lost momentum this month, with stocks largely trading within narrow bands with a slightly downward bias. Over on Wall Street, the Dow Jones Industrial Average is estimated to have tested the 20,000 level at least 20 times in the past few weeks but has been unable to close above it, mainly as doubts surface as to whether the incoming US administration can deliver on its campaign promises.

Here, the Straits Times Index...

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