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STI slips 0.6% after Powell's first rate hike

Market watchers also concerned over Libor rising to its highest since 2008

SINGAPORE stock prices took a modest dip on Thursday after the Federal Reserve, as anticipated, lifted interest rates by a quarter point to the 1.5-to-1.75 per cent range.

Following in the footsteps of Wall Street, the key Straits Times Index fell 19.76 points or 0.56 per cent on Thursday...

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