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Wednesday, February 9, 2011

Tough Time for Bulls

STI down 30points to 3153 now, mainly attribute to China's interest rate raise announced last night.

The US market was up by 71 points, closed at 12233 points, hit its two and half year high, despite the China factor. STI red flag in most sessions after Chinese New Year...really new year "开门红"? STI much affected by HSI nowadays.

Properties turns to be one of the worst sectors. Commodities following its tails too. As for finance sector, colour tells it all. Check DBS and OCBC below:

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