Stocks, led by the retail sector, fell on concerns around the local economy which in turn weighed on shares whose primary business is in South Africa.Markets have begun October nervously, and this week has seen investors dump stocks on concerns the US-China conflict over trade and foreign policy is nowhere near a resolution and is increasingly damaging the global economy.
The rand is one of the most liquid and frequently traded emerging-market currencies, and a high degree of foreign investment makes it sensitive to offshore events and swings in risk sentiment. The benchmark Top-40 stock index fell 0.32% to 48,311 points, while the All-Share index dropped 0.35% to 54,339 points.
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