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US plunge sends STI to 4-month low

Local index sheds 1.08% for its fourth consecutive loss as market liquidity stays weak

THE Straits Times Index (STI) on Thursday suffered a fourth consecutive loss and its fifth loss in six sessions. It came in response to a drubbing sustained on Wall Street on Wednesday and it cut 35.38 points or 1.08 per cent off the STI, sending it to a four-month low of 3,228.71.