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STI gives up gains on US recession fears

Index tumbles 42.58 points to close at 3,103.45; other Asia-Pacific markets also end lower

TWO sessions into the month and market sentiment has already greatly whipsawed.

On Wednesday, the local benchmark more than erased the week's gains after investors were jolted by US recession fears as August factory activity hit levels not seen since June 2009.

Moreover, the impact...

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