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Market slumps on afternoon sell-off

The Straits Times Index slides 1.5% to end July at 3,300.75, with all 3 local banks leading the losses

AHEAD of the US Federal Reserve's July rate decision, investors in the local market exited positions in a session that saw the Straits Times Index (STI) slide 49.79 points or 1.5 per cent to end July at 3,300.75.

The STI dropped 1 per cent during the first half of the afternoon session,...

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