News Formal

MARKET WRAP: Naspers drags JSE to a two-month low

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Philippines News News

Markets will be focusing on the continuing conflict in Ukraine and the US Federal Reserve, which is expected to hike interest rates this week

Naspers dragged the JSE to a two-month low on Monday, while global markets were mostly firmer as investors pinned their hopes on Russia-Ukraine peace talks and braced themselves for a US rate hike.

Naspers fell 13.12% to R1,557.89 — the most since November 2000 — after the Wall Street Journal, citing people familiar with the matter, reported that Tencent was facing a record fine after China’s central bank discovered its WeChat Pay had violated anti-money-laundering rules...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JAVIER BLAS: Diesel market slides into crisis amid tight crude tradingWholesale and retail prices surged last week to an all-time high, surpassing the peak set in 2008
Source: BDliveSA - 🏆 12. / 63 Read more »