MARKET WRAP: JSE extends losses to third day in a row

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The rand also weakened as concerns about a new coronavirus strain hurt investor sentiment

The JSE fell for a third straight session and the rand weakened as concerns about a new coronavirus strain curbed investor optimism stemming from a US relief bill aimed at helping the world’s biggest economy recover from the pandemic.

The rand extended a retreat from an almost one-year high against the dollar reached at the end of last week, while the JSE fell as emerging-market equities headed for their longest losing streak since October...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

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