FBI's email clearance triggers relief rally
ST Index sees 27-point gain at intraday high before closing just 12.2 points up
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NEWS that the FBI has cleared US Democratic presidential candidate Hillary Clinton of criminal wrongdoing over her use of a private email server sent the Dow futures shooting up 200 points and pushed the Straits Times Index (STI) up 27 points to an intraday high of 2,815 on Monday.
By 5pm though, the index's gain had settled back to a net 12.15 points at 2,800.95, possibly as traders and investors decided that a defeat of Republican candidate Donald Trump was still not a foregone conclusion.
Turnover amounted to 1.4 billion units worth S$1.2 billion and excluding warrants, there were 248 rises versus 139 falls in the whole market.
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