You are here

STOCKS

Traders position for possible relief rally

ST Index rebounds 26.8 points ahead of the US Federal Reserve's decision on interest rates

sti.jpg

AFTER falling 47 points since the start of the week, the Straits Times Index on Wednesday bounced 26.8 points to 2,868.74 in line with an overnight rally on Wall Street that probably also helped Hong Kong and China stocks to a sharp Wednesday rebound.

Observers said the gains were most