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STI down 0.7% on weak oil, Trump news

This is despite the Dow hitting all-time high on Wednesday; local bank stocks suffer losses

Published Thu, Jun 15, 2017 · 09:50 PM

THE local stock market shrugged off Wednesday's all-time high for the Dow Jones Industrial Average, opting instead to focus on a fall in the Dow futures and a 1.2 per cent loss for Hong Kong that came after a 3.5 per cent drop in oil prices and news that US President Donald Trump is under investigation for possible obstruction of justice.

Banks were the main victims in the 21.34-point or 0.7 per cent loss at 3,232.09 sus…

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