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Trump rally loses momentum

ST Index falls almost 22 points, with Singtel providing the biggest drag and Genting giving the biggest support

Published Mon, Nov 21, 2016 · 09:50 PM

THE Straits Times Index rose 24 points last week in tandem with a Wall Street banking on US President-elect Donald Trump being good for the US economy. But the index fell back 21.98 points or 0.8 per cent to 2,816.67 on Monday, possibly as the reality of higher interest rates and an anti-trade, protectionist US under Mr Trump sank in.

Turnover amounted to 1.8 billion units worth…

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