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China weakness continues to weigh on STI

Brokers not unduly surprised as "purely speculative" penny-stock rally comes to a halt

CONTINUED weakness in China and Hong Kong stocks meant the Straits Times Index (STI) kicked off the week with a 9.71 points or 0.30 per cent loss to 3,192.79 on Monday. This weakness was also evident in penny stocks where the rally of the past three weeks exhibited clear signs of serious strain