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Market View: Can the STI recover or is the worst yet to come?
Singapore stocks started trading in the negative territory this morning, and extended the losses to close the day, down 0.8%. This comes despite Wall Street regaining almost all of its losses from the steep dive on Aug 5. So what's driving the STI lower? Will there be a prolonged weakness? Meanwhile, July’s US CPI data on Wednesday is the highlight of the week, considering what had transpired over the last two weeks. What can we expect and will this be the ammunition the US Fed needs to begin cutting interest rates at its next meeting in September? On Market View, Hongbin Jeong speaks to…
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