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STI little moved as Gulf tension cools

Business-as-usual expected, especially after many traders had rotated out and picked up counters on the dip on Wednesday

Published Thu, Jan 9, 2020 · 09:50 PM
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HEIGHTENED fear over a broader US-Iran conflict ended as quickly as it began and with that, optimism returned to Asian markets.

US President Donald Trump saw no need to respond to Wednesday's missile attacks on US bases by Iran as there were no casualties.

"Iran's retaliation against the US killing a top Iranian commander looks like it was designed to avoid further escalating the situation," AxiTrader chief Asia market strategist Stephen Innes said.

With tensions dialled down for now, s…

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