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JSE faces Asian market pressure amid Chinese property jitters

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US markets were buoyant overnight, but concern about the indebtedness of Chinese property developers is weighing on sentiment

The JSE looks set to open to weaker Asian markets on Wednesday morning, despite new records for major US bourses on Tuesday, with investors still jittery over debt problems in China’s property industry.

Evergrande is the country’s second-biggest property developer and is saddled with debts of about $300bn, including $20bn in international bonds, with more payments due later this week.

 

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