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Singtel, banks lead fall below 2,800 level

Speculation that selling by large funds ahead of the end of third quarter was reason for STI's plunge


THE Straits Times Index on Monday kicked off the week on a distinctly poor note, dropping 40.72 points or 1.4 per cent to 2,791.92, its lowest close since June 2012.

The slide was led by falls in Singtel, the banks and several other index heavyweights, prompting speculation that it was