Mixed session as Jardine stable weighs STI down
Index fails to react positively to yet another all-time high on Wall St after Fed's announcements
THERE is a growing feeling among market watchers that the Straits Times Index's (STI) best days for 2017 came in the first half of the year and that for the remaining three months, a slow downward drift is all that can be expected.
This view has formed over the past few weeks as the STI traded within a tight band, relatively immune to Wall Street's consecutive all-time highs though reacting to the downside whenever North Korea launched a missile test.
On Thursday, the index again failed to react positively to yet another all-time US high which came after the Federal Reserve left interest rates unchanged and announced a relatively tame programme to unwind its bloated balance sheet.
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