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STI down as Brexit worries hit Asia

Local market falls prey to selling pressure as Hang Seng Index drops 2.5% and the Nikkei plunges 3.5%

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FOOTBALL supporters on Monday were shocked by a "Braxit" when Brazil unexpectedly exited the Copa America tournament being held in the US after a defeat to Peru, while in Asia stock market players were shocked by worries of a "Brexit" that sent equity prices reeling throughout the day.

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