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Rough ride ahead as STI loses grip on 3,000 level

Index falls below psychological support to its lowest since November 2012

IT WAS Miss Scarlet in the dealing room with a lead pipe - or what amounted to one. Local shares were beaten down on Friday in a bloody finale to the market's worst week this year, as the benchmark Straits Times Index (STI) took a painful tumble below the 3,000-point mark and stayed there