STI holds up well as broad market sags
Barron's suggests Fed may raise rates even if equities and bonds move lower; TalkMed crashes amid disciplinary case against CEO
WALL Street's Tuesday slide brought some pressure to bear on local stocks on Wednesday, but as far as the Straits Times Index was concerned the selling was well-absorbed.
After losing 16 points at one stage, the STI finished a net 3.83 points lower at 3,215.70.
The broad market, however, underwent a soft session, finishing with 142 rises versus 288 falls excluding warrants. Turnover was 2 billion units worth S$1.1 billion versus S$936 million on Tuesday.
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