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Market sags into mid-week slowdown

Investors are nervously waiting for possible interest rate hike as a two-day Federal Reserve policy meeting draws to an end

Published Wed, Apr 29, 2015 · 09:50 PM

THE local market appeared to be taking a breather on Wednesday from its recent exertions after two to three hectic weeks, sagging into a dip as investors nervously awaited the end of a two-day Federal Reserve policy meeting. Several real estate investment trusts (Reits) also lost ground, possibly pointing to yet another minor bout of interest rate hike fears.

The benchmark Straits Times Index (STI) retreat…

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