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Jardine, banks drag STI down

Index was due for a correction of sorts after weeks of advance, say brokers

ON Tuesday, the role of prime index mover was assumed by Jardine Matheson, when it plunged US$2.81 or 4.3 per cent to US$62.29, accounting for 10 out of the Straits Times Index's (STI) 36.5 points or 1.12 per cent loss to 3,227.71.

The index had risen about 90 points since the start of...

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