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Wall Street, oil prices drag STI down

Local banks retreat as investors take profit after strong October rally and square off positions before year-end

THE local bourse caught the negative vibe that swept across Asia owing to the risk-off tone overnight in Wall Street as oil prices tumbled and the outlook of US tax reforms remained uncertain. The key Straits Times Index notched up its fourth straight day of losses.

The STI retreated 30.

sentifi.com

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