MARKET WRAP: Rand and JSE slump as global sell-off gathers momentum

The rand weakened to a two-year low against the dollar on Thursday while the JSE slumped for a fifth straight session to levels last seen in mid-July.

Local markets haven’t been spared from the whirlwind of a global sell-off that's been triggered by fears of a worldwide recession as the US and other developed markets looked to continue hiking interest rates to bring inflation under control...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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Business Maverick: Markets: Asia continues global stock slump as Fed tightening fears flareAsian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong US jobs data.
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Business Maverick: South Korea, Taiwan manufacturing slump is warning for tradeClosely watched gauges of manufacturing in South Korea and Taiwan slumped in August as China’s slowdown weighed on the region and risks piled up in the global economy.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »