STI closes higher despite tech retreat
AEM, Hi-P, UMS, Creative lose ground on spillover selling from weak US tech earnings
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A ROUT of Singapore tech stocks throughout trading on Tuesday failed to dampen the Straits Times Index's (STI) rise, with the local bourse reversing an early retreat to end higher.
On Tuesday, the STI rose 0.38 per cent, or 12.70 points, to 3,319.85, with its year-to-date performance down 2.44 per cent.
Much of the heavy lifting on the index was done by Jardine Matheson, Jardine Strategic, DBS Group Holdings and OCBC Bank.
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