MARKET WRAP: Miners push the JSE lower

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Weakness in mining and resources stocks saw the JSE ending down 1.5% in line with global peers

Miners led the losses on the JSE on Friday, while global markets were mostly weaker as investors digested hawkish comments from the US Federal Reserve .

Fed chair Jerome Powell said on Thursday a 50-basis-point hike would be “on the table” at the bank’s meeting next month. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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