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STI down 1% on China central bank hike

Banks, Singtel and KepCorp account for most of the losses; turnover at 1.3 billion with a total value of S$980.3m

REGIONAL markets were singing the same funereal tune - a reaction evoked largely by a surprise move from China's central bank to raise borrowing costs hours after the US Federal Reserve's decision to tighten monetary policy.

The benchmark Straits Times Index (STI) on Thursday lost 32.99...

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