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Banks hit hard by yuan-linked stock rout

Possible fears over their earnings from China ventures; STI falls 2.9% while broad market sees advance-decline score of 96-432

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China's shock decision to devalue the yuan has sparked off turmoil in the currency market, led to fears of a currency war developing and sent stocks reeling.

CHINA'S shock decision to devalue the yuan has sparked off turmoil in the currency market, led to fears of a currency war developing and sent stocks reeling.

The Straits Times Index (STI) spent the whole of Wednesday in the red before ending a nett 91.57 points or 2.9 per cent lower at 3,

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