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STI retreats again, down 1.4%

Volatility in China and expectation of a sooner-than-later US rate hike are likely reasons for the selling: brokers

WALL Street may have rebounded sharply on Monday after seven successive days of losses but there was no impact here, as the Straits Times Index (STI) melted 43.6 points or 1.4 per cent to end at 3,153.06 led by falls in the banks and Singtel. Weakness in China and anticipation of a Tuesday...