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STI loses grip after re-piercing end-2015 level

Hopes of ending session in the black for year evaporate as afternoon reversal pares Wednesday's gain
Thursday, August 11, 2016 - 05:50
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An afternoon reversal in Hong Kong and the Dow futures and a soft opening Europe-wide possibly because of weak oil prices put paid to hopes earlier on Wednesday that the Straits Times Index could end the session in the black for the year.

AN afternoon reversal in Hong Kong and the Dow futures and a soft opening Europe-wide possibly because of weak oil prices put paid to hopes earlier on Wednesday that the Straits Times Index could end the session in the black for the year.

After rising to an intraday high of 2,893, the

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