Traders hold back as STI slips again
Positive China GDP data fails to support stocks, with losses led by the banking heavyweights
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AN abundance of caution put a crimp on the Singapore equities market on Thursday, as the benchmark Straits Times Index (STI) dropped by 20.6 points, or 0.58 per cent, to 3,521.31.
The STI touched 3,561.45 at the morning open - surpassing its 10-year closing high of 3,550.21 on Tuesday - before moderating.
But a sharp tumble came at the lunch break, to an intra-day low of 3,517.9 at 2.10pm, as investors looked for the release of key Chinese economic data.
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