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Much of the bloodletting in markets may be over

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The focus on rising interest rates has seen banks emerge as one of the most defensive sectors.

PHOTO: ST FILE

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SINGAPOREA - The convulsions of the financial markets during the past week have left many investors befuddled.
The equity market selloff of last Thursday, followed by the frenetic buying (or short-covering?) on Friday, has simply added more uncertainty to the market psyche.
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