Wall Street ended up with mixed bag after a choppy trading session on Monday with investors keeping a watch on the inflationary impact of retail sales figures expected in US today.
Asian stocks were up on Tuesday despite a lukewarm lead from Wall Street. Negative economic data from China as a result of the country’s zero-Covid-19 policy that resulted in continued lockdowns added to inflation concerns.The Hang Seng was up sharply on Tuesday morning, it gained 2.66% to 20 481. “China’s Covid-19-based limitations have depressed commodity demand, weakening commodity currencies throughout the world. Because of the significant Chinese links to the South African commodities environment, the rand is particularly vulnerable.”
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