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STI surges 5.8% in 'a day of comebacks'
Historic US bailout and initiatives from China lift investor sentiment. -ST
By Alvin Foo, Markets Correspondent AFTER suffering through four harrowing days of declines, Singapore's investors yesterday pounced on a triple treat of bright news, powering the badly bruised local market to a whopping 5.8 per cent rise. The result was a 140-point surge for the STI to 2,559.07 - its biggest one-day gain since August last year. That, however, was not enough to ensure a net gain for the week. The earlier blood-letting meant the STI still ended the week down 11.6 points.
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