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STI falls for fifth straight session

Weak oil prices and this week's US Federal Open Market Committee meeting cited as the main culprits

THERE were no surprises as far as Monday's trading in the local stock market went, as prices fell in the wake of Friday's Wall Street selloff. Weak oil prices and this week's US Federal Open Market Committee meeting were cited as the main culprits, though persistently weak sentiment towards emerging Asia and the upcoming holiday season also played significant roles.

The Straits Times Index (STI) started the day on the back foot and eventually closed 19.59 points weaker at 2,815.04. It was the index's...

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