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Dow futures weakness drags STI down

Addvalue Tech actively traded for second day; business school don says FOMC hawks will prevail, rates to rise 3.5-4%

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WEAKNESS in the Dow futures on Tuesday outweighed slight gains in Hong Kong and China, bringing pressure to bear on the Straits Times Index (STI). The selling accelerated in the late afternoon, after Europe opened in the red, leaving the STI to finish 30.54 points or 1 per cent lower at 3,052.53