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
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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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