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STOCKS

Market eases ahead of Fed meeting

Caution prevails with volume at 1.2b units worth S$857m as traders remain concerned about external uncertainty

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THE Straits Times Index on Monday drifted to a 16.56-point loss at 2,871.47 ahead of the US Federal Open Market Committee meeting this week at which an interest rate hike could be announced.

There was no post-General Election rally to speak of despite the ruling People's Action Party