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STI rebounds in tandem with HK, China

Rise follows confirmation of yuan's inclusion in IMF's SDR basket; turnover amounts to 994m units worth S$1.02b


CONCERNS over whether the yuan's inclusion as a reserve currency would spark volatility in equity markets proved unfounded as stocks on Tuesday rose sharply after confirmation that China's currency has indeed been added to the International Monetary Fund's (IMF) Special Drawing Rights (SDR)...