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STI ends lower after bright start
Investors closing positions on blue chips and large cap stocks before earnings reports are due, say market watchers
Published Mon, Apr 15, 2019 · 09:50 PM
IT WAS a mixed start to the week in Asia as Japan and South Korea posted strong gains, while Hong Kong and China edged lower on growth fears and profit-taking.
In Singapore, the Straits Times Index (STI) started the week brightly, taking cues from the positive session on Wall Street last Friday.
However, the benchmark index, which traded as high as 3,339 in the first hour, eased as the session went on, closing at 3,325.86, 6.12 points or 0.2 per cent lower.
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