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STOCKS

US rate fears drag STI lower

Trade in the 30 STI components made up 69 per cent of the market's turnover; penny stocks dominate interest outside STI

THE Straits Times Index slipped 16.83 points to 3,023.65 on Thursday in quiet trading, during which 1.2 billion units worth S$948.6 million were traded; the loss came despite a slight firming in Hong Kong and China and a modest rise in the Dow futures.

Traders said an impending US rate