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OCBC profit fall sparks bank selloff

STI falls 1.3%, its biggest single-day drop this year; rotational playing of penny stocks continues

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US PRESIDENT Donald Trump's promise of a "phenomenal" tax plan may have driven Wall Street to new highs on Monday but in Singapore, a bank selloff on Tuesday after OCBC reported its latest results, led to a 39.16 points or 1.3 per cent loss for the Straits Times Index at 3,072.47 - its biggest...

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