What started out as a promising up day for the STI was not to be as the index sank almost 1% at closing.
In Singapore, share prices lost early gains to end weaker on Friday following concerns over interest rates. Traders said the market firmed with early gains in regional exchanges as strong US economic data boosted sentiment. But prices pulled back later after China said it would tighten monetary policy next year, suggesting further interest rate hikes to cap inflation.
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