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Europe opens firm but stocks here weaken

Sell-off in Noble and drops in UOB, OCBC, Keppel drag down STI; volume is a mediocre 1.2 billion units worth S$1 billion

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The Straits Times Index (STI) on Tuesday dropped 14.46 points to 3,211.65, dragged down by a sell-off in Noble Group, banks UOB and OCBC, and Keppel Corp. It made for a weak session here with 147 rises against 236 falls on a day when Hong Kong closed sharply higher and Europe opened in the black probably in reaction to a rise in the US futures market.

THE Straits Times Index (STI) on Tuesday dropped 14.46 points to 3,211.65, dragged down by a sell-off in Noble Group, banks UOB and OCBC, and Keppel Corp. It made for a weak session here with 147 rises against 236 falls on a day when Hong Kong closed sharply higher and Europe opened in the black