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STI ends week 54 pts lower on looming US rate hike, entry of 4th telco

39224385.1 (39695735) - 31_08_2016 - SINGAPORE-STOCKS.jpg

THE likelihood of US interest rates being raised sooner rather than later and the possible entry of a fourth telco in Singapore weighed on sentiment this week, dragging the Straits Times Index 54 points or 1.9 per cent down to 2,803.92.

These fears arose after comments last week by US