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US rate-hike fears weaken STI by 16.7 pts

Among the reasons cited for the loss were US Fed officials' remarks on Monday regarding the likelihood of impending rate hikes

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THE Straits Times Index on Tuesday drifted 16.7 points down to 2,750.23 as the entire market recorded a volume of just 966.2 million units worth S$726.7 million - one of the weakest one-day totals this year. The loss here came despite a 40-point rise in the Dow futures and a late-afternoon

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