STI dips amid monetary tightening fears

WEDNESDAY is named after a pagan god who supposedly plucked out one eye and dropped it into a well in exchange for more knowledge. But what use is knowing lots of stuff if you're going to have to wander around half-blind and without any depth perception?

That is not a problem for mythological figures, presumably, but traders on Wednesday were swamped with information yet left in the dark.

As signals from major central banks seemed to indicate that both the United States and the European Union may tighten monetary policy in the coming months, the local stock market retreated marginally.