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US rate-hike fears weaken STI by 16.7 pts

Among the reasons cited for the loss were US Fed officials' remarks on Monday regarding the likelihood of impending rate hikes


THE Straits Times Index on Tuesday drifted 16.7 points down to 2,750.23 as the entire market recorded a volume of just 966.2 million units worth S$726.7 million - one of the weakest one-day totals this year. The loss here came despite a 40-point rise in the Dow futures and a late-afternoon...