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STI's losing streak extends into 9th day

Index drops 5.26 points despite firm Europe opening, bringing total loss since April 21 to 193 points

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FOR the ninth straight session the Straits Times Index (STI) on Thursday opened in the red, at its intraday low losing 24 points at 2,749. A firm opening for Europe and a 90-point rise in the Dow futures prompted a scramble that elevated the index to almost its opening level but it was unable to