STI stabilises after two-day selloff

AFTER dropping 47 points on Friday and Monday as the Wall Street-inspired post-Donald Trump rally quickly lost momentum, the Straits Times Index (STI) on Tuesday managed a 10.28 points rebound to 2,797.55.

Turnover amounted to 1.7 billion units worth S$1.2 billion, the ninth consecutive session where dollar value was more than S$1 billion. Excluding warrants, there were 182 rises versus 205 falls.

Stocks here had bounced sharply last week in a "risk on" phase after the surprise win by the Republican nominee in the US presidential election but reve…