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Stocks weaken ahead of National Day

DBS again the main driver in STI's dip; traders say banks are being reassessed in light of recent reported figures

Political posturing and the threat of war between the US and North Korea were pushed aside this week, overshadowed by concerns over the local banks' exposure to the ailing oil and gas (O&G) sector, domestic political worries in the US surrounding escalating racial tensions and a terror attack in Barcelona.

IT WAS a case of "another day, another all-time high'' for the Dow Jones Industrial Average on Monday but this made little impression here on Tuesday, with the Straits Times Index drifting lower for the second consecutive day, this time dropping 2.59 points to 3,318.08. The Dow futures traded...

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