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STI inches up after three days in the red

Benign Chinese inflation data holds up regional markets; gains in banking stocks provide support for the local index

Anita Gabriel

Published Wed, Oct 15, 2014 · 09:50 PM

THE local bourse's key index snapped out of its three-day losing streak on Wednesday, albeit without much pluck, closing marginally higher possibly buoyed by gains across major markets in the region.

Support for equities stemmed from benign Chinese inflation data which fuelled hopes for more easing measures to prop up the world's second largest economy.

The Straits Times Index (STI) nudged higher by 4.32 points or 0.14 per cent to 3,198.72 on Wednesday after falling to a six-month low the day before.