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STOCKS

Weak Dow futures = weak STI

Retreat not surprising given that the local index has risen for five straight sessions before Thursday

THE closure of Hong Kong for the Dragon Boat Festival on Thursday meant traders here were solely reliant on the Dow futures for direction, with the result that a fall in the latter meant the Straits Times Index lost 18.58 points at 2,843.80.

Turnover dropped to 1.04 billion units worth S$