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STI bounces back from 'Black Monday'

Market sentiment gets a boost, likely from US stimulus measures and recovering oil prices

SINGAPORE'S Straits Times Index (STI) rebounded on Tuesday from its worst day of trading since October 2008, in line with a recovery in oil prices.

The benchmark index had opened 0.8 per cent lower, but reversed course within the first hour of trading.

It ended the day 50.17 points...