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China woes drag STI 4.5% lower in 1st week of 2016

China's benchmark index dropped below the 3,000 level, resuming this year's selloff as better-than- expected trade data and government efforts to stabiliSe the yuan failed to ease investor concerns about the economy.

TO SAY it hasn't been a good start to 2016 might be an understatement, given the plunges that global equities suffered this past week. China has been blamed for the losses, perhaps a convenient scapegoat for overvaluation of risk assets rooted in the easy money policies that have been pursued by...