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STOCKS

Window-dressing momentum fails to hold

Selling in line with a dip in the Dow futures and a weak opening for Europe; banks at the forefront of the surge and plunge

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MONDAY'S column raised the strong likelihood that blue chips would enjoy a month-end window-dressing push on May 31. As it turned out, this was initially the case when the Straits Times Index on Tuesday first jumped 38 points to an intraday high of 2,834, before plunging to a net loss of 5.69