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Massive selloff sends STI 2.7% lower

Market watchers, at a loss for explanation, trot out the usual suspects - trade tensions and rising interest rates

SHARE prices in the Singapore bourse suffered a brutal selldown with the key Straits Times Index tumbling 84 points or 2.7 per cent to finish the day at 3,047.39 - a 20-month low - following an overnight rout in US stocks that unnerved investors over long-simmering downside risks.


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