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STI up 16pts on likely Wall Street bounce

HK Land makes biggest contribution to rebound, after the index's 89-point loss in previous two sessions

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AFTER having lost almost 89 points on Monday and Tuesday, the Straits Times Index on Wednesday rebounded 16.41 points to 3,298.36 most probably thanks to short-covering prompted by expectations that Western markets, particularly Wall Street, would also rise on Wednesday.

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