THE local stock market on Wednesday shrugged off political worries surrounding the Trump administration that drove the Dow futures down by more than 100 points in the afternoon. After dropping to an intraday low of 3,207, the Straits Times Index rebounded in the late afternoon to finish at 3,224.1, for a net loss of just 3.61 points.

Turnover throughout the whole market was a moderate 2.3 billion units worth S$1.3 billion and excluding warrants, there were 214 rises versus 234 falls - reasonably firm considering the potential Wednesday selloff on Wall Street.

Brokers here on Wednesday woke up to news that the White House has had to deny reports that President Donald Trump asked ex-FBI director James Comey to drop an investigation into ex-national security adviser Michael Flynn's alleged links to Russia just before Mr Trump sacked Mr Comey.