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STI drifts lower despite rallies elsewhere

Its lethargy puzzles dealers, given relief rallies elsewhere following missile lull in N Korea

A 120-point jump in the Dow futures, a strong session in Hong Kong and a firm opening for Europe failed to lift the local stock market on Monday. Instead, the Straits Times Index (STI) drifted to a loss of 0.05 of a point - although the consolation was that the broad market did manage 214 rises

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