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MARKET WRAP: JSE falls in risk-averse trade as China virus spreads

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The JSE all share lost 1.49% , its biggest slide in more than two months, and the top 40 1.53%

21 January 2020 - 18:12global markets falling as investors abandoned risk assets on concern over the outbreak of a deadly virus in China.

Reports of further deaths caused by the severe acute respiratory syndrome type virus, and confirmation that it can be spread through human contact, sent a ripple of risk aversion through markets, with Asian and European stock exchanges all coming under pressure. US stock index futures followed Asian and European markets lower on the day as worries about the fallout from the new virus, and a gloomy growth outlook from the International Monetary Fund , looked set to stall a record rally on Wall Street, reported Reuters.Soon after the JSE closed, in Europe, the FTSE 100 had fallen 0.66%, France’s CAC 40 0.77% and Germany’s DAX 30 0.15%.

 

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