STI bucks major regional markets

The index drops 7.71 points or 0.22% to 3,562.46; some 1.5 billion shares worth S$1 billion are traded

NO SOONER had one shock election result unnerved the market than another unexpected event, this time in Indonesia, raised uncertainty in markets again.

On Monday, news of a suicide bombing by Islamic State-inspired militants at the police headquarters in Surabaya, following similar suicide attacks on Christian churches on Sunday, caused Indonesia's stocks and currency to fall.

The Jakarta Composite Index fell as much as 1.7 per cent intra-day, but recovered some by the closing bell to finish 0.16 per...

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