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STI rises amid weaker broad market

Post-Trump, "risk-on'' rally may be losing momentum, say traders

THE Straits Times Index drifted for most of Tuesday's session, tracking movements in the Dow futures and Hong Kong before ending at 2,879.14 for a gain of 4.49 points on the day. More importantly, however, was that turnover slipped to 1.9 billion units worth S$1.03 billion compared to Monday's S$1.1 billion. Excluding warrants, there were 177 rises versus 225 falls.

Traders said there were signs that the post-Trump, "risk-on'' rally might be losing momentum, probably as markets come round to the realisation...

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