STI slides along with regional bourses

THE sell-off in Wall Street put paid to any hopes of gains on the local bourse with the key Straits Times Index logging its third straight session of losses. Fundamentals have not changed and hence analysts attribute the down time in the market to profit taking activities after November's bullish run which saw the index jump 1.8 per cent.

On Wednesday, the market's key barometer lost 40.85 points or 1.2 per cent to finish at 3,397.21.

Most other Asian bourses saw red too with Japan's Nikkei 225 losing nearly 2 per cent, Hong Kong's Hang Seng down 2.1 per cent and China's Shanghai Composite slipping 0.3 per cent. Malaysia's KLCI…