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STI slumps 0.45% on profit-taking and Europe jitters

Published on Feb 7, 2013 7:56 PM

SINGAPORE shares fell on Thursday with traders taking more of their recent profits off the table.

The selling was blamed on jitters ahead of a European Central Bank (ECB) press conference to be held after the close of Asian markets, with investors wondering what would be discussed.

The result that the Straits Times Index (STI) fell 14.76 points or 0.45 per cent, to 3,261.77.

"(It is) 'risk-off' today with investors taking their lead from Europe's overnight session," said Dr Adrian Foster, Rabobank's Asia-Pacific head of financial markets research.

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