The JSE ended the first trading day of the new decade on a positive note on Thursday, gaining 1.18% at the close.
Shortly after 5pm, the rand had firmed 0.51% to R14.0821/$, 0.19% to R15.7428/€, and was little changed at R18.5392/£. China’s central bank said overnight it would lower the amount of cash banks are required to hold, the eighth reduction since 2018. The move should free about 800-billion yuan to boost China’s economy, reported Reuters.
Earlier, the Shanghai Composite gained 1.15% and Hong Kong’s Hang Seng 1.25%, while Japan’s Nikkei 225 fell 0.76%.
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