By By Goh Eng Yeow

THE relentless selling pressure on the local bourse accelerated yesterday, as fears abounded over the health of beleaguered United States banking giant Citigroup.

Traders dived for cover as the latest bad news from Wall Street - a record 23 per cent overnight slump in Citigroup's share price - hit home.

Any problem encountered by the US bank would have far-reaching implications in Asia, given the extensive banking franchise it operates in the region.

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