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Market rebounds, led by bank stocks

STI rise, which could be due to short-covering, comes amid jump in Dow futures and China, HK gains

Published Tue, Sep 8, 2015 · 09:50 PM

A 250-point jump in the Dow futures contract and sizeable gains in China and Hong Kong stocks on Tuesday helped the Straits Times Index (STI) avoid a sixth loss in seven sessions, with a 32.91-point rise to 2,885.32. Volume was a low 1.2 billion units worth S$1 billion; excluding warrants, there were 245 rises versus 151 falls.

Except for a 28-point short-covering bounce last Thursday…

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