MARKET WRAP: Aspen bucks the trend as Cashbuild and world markets slump

Cashbuild’s share price fell the most in almost a year after the company issued final results showing revenue slumped in the year to end-June, after the boon from the Covid-19 home improvement period.

The company benefited greatly from the pandemic as housebound consumers focused on upgrades to their properties after almost all forms of entertainment were halted due to lockdown restrictions...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: Tech drop in China takes Asia stocks off session high: markets wrapAn Asia stock gauge came off session highs on Tuesday amid a slide in Hong Kong and subdued sentiment due to the Federal Reserve’s signal of a sustained period of restrictive monetary policy to quell inflation.
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Asian stocks seek footing as investors focus on payrollsInterest rates and health of China’s economy also at forefront of investor concerns You're indeed a great woman,I never expected this from you,i assure you that I will bring more clients to your crypto company because of what you've done in my life,I promise to let the word know about you. Your work speaks volumes of the kind of a woman you are GregoryLillian5
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US stocks retreat as rate hike concerns persistTraders ramp up bets on 75 basis point rate hike by the Fed in September You are indeed a great man to be called, I assure you that I will bring friends to come and invest with you because of the excellent work you did for me, I will keep sharing the good news about you JamesAlderson0
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Business Maverick: Powell’s Tough Talk Leaves Stocks and Dollar on the EdgeJerome Powell did as was broadly expected in his Jackson Hole speech, renewing the Federal Reserve’s hawkish vows. Now that the dust has settled, here are four views on the direction of the main assets in the coming months:
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Rand flat as dollar holds near peak; stocks rise[CURRENCY] At 0738 GMT, the rand traded at R16.99 against the dollar, as the dollar held near a two-decade peak hit on Monday after the Federal Reserve indicated that US interest rates would stay higher for longer. Moneyweb Currency
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