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STI fails to build on Tuesday's rebound

Wednesday's opening gains reversed as session progresses; index ends the day 48.82 points lower at 2,783.72

SINGAPORE'S Straits Times Index (STI) failed to build on Tuesday's rebound, when the benchmark had its best session in over a year. "Tuesday's recovery, although pleasing, looked very much like a bullish correction in a bear market," Oanda Asia-Pacific senior market analyst Jeffrey Halley said...