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Early bounce gives way to selling pressure

Brokers say volatility spike, unpredictability of China market make it impossible to say when the selling may end

Shanghai.jpg

After a short-covering bounce on Thursday morning that gave a mistaken semblance of stability because it added 30 points to the Straits Times Index, pressure returned in force during the afternoon session, leaving the STI 27.07 points worse off at 2,532.70 at 5pm.

Turnover remained