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STI climbs back above 3,500 points

Traders buy the Asia rebound even as US yields go up, European stocks slide

IN a day where Hong Kong and Taiwan rebounded, Singapore's benchmark Straits Times Index (STI) easily regained its 3,500-point perch, less than three weeks after dropping below that level in this year's correction.

By the close of trading on Wednesday, the STI was trading at 3,516.23, up...