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FOMC minutes give traders excuse to sell

ST Index falls 1.3 per cent on average market volume of S$1.05 billion; GLP slides after two days of gains

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THE minutes of the April US Federal Reserve Open Market Committee (FOMC) meeting that were released on Wednesday suggested that a June interest rate hike is increasingly likely, thus providing traders with the opportunity to resume short selling on Thursday.

This brought the Straits Times