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STI gets reprieve from trade, economic woes

Index closes up 18.91 points at 3,142.37; effects of trade tariffs between US, China have already shown in weaker PMI figures for May

A COMBINATION of investors moving to defensive plays and buying up oversold counters, as well as hopes that the US Federal Reserve would lower interest rates saw the local market get off to a positive but cautious start to June.

The Straits Times Index (STI) built on Monday's gains to...

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