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STI drops 0.4% as October's factory output falls against expectations

Output decline of 0.9% due to fall in electronics output and poorer biomedical performance.

LOCAL shares took a hit on Thursday, with an unexpected 0.9 per cent year-on-year fall in the city-state's factory output for the month of October weighing on investor sentiment.

The decline was caused by a combination of a fall in electronics output and poorer biomedical performance....

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