The JSE ended lower on Monday in line with world markets as investors grappled with the effects of inflation and interest rates on global growth.
“Last week brought an end to the late summer winning streak that saw stock markets recover a significant — and some would argue overly so — portion of the losses endured this year.” The listed property sector was under pressure, with Hammerson tumbling 9.23% to R4.72, weighed down by the rising cost of living and recession fears in Europe, where the company has operations.
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