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Asia markets trade mixed; STI falls 1.11%

Uncertainty over upcoming US consumer price index data and MAS policy meeting contributes to cautious mood

Published Wed, Oct 10, 2018 · 09:50 PM

ASIAN markets closed mixed on Wednesday, as investors hesitated amid worries about global growth.

On Tuesday, the International Monetary Fund (IMF) cut its global economic growth forecast for the first time in more than two years, to 3.7 per cent from 3.9 per cent for this year and next.

The fund cited risk…

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