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Blue chips in play as STI falls 2.98%

Singtel, banks major drivers of index's descent as fears over China economy, oil slide continue to plague market

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SOME market watchers have started to bandy about predictions as wild as the Straits Times Index (STI) hitting 2,000 points in the near future so it is perhaps cold comfort to investors here that the local market is not so far gone yet.

But as a stunning rout in global equities drags on,

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