MARKET WRAP: Miners drag JSE to six-week low as China’s Covid-19 situation weighs

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Stocks start the week on the back foot as concerns about global growth, the war in Ukraine and China’s worsening Covid infections take their toll

The JSE fell to a six-week low on Monday, retreating in line with its global peers as the worsening Covid-19 situation in China added to concerns about world economic growth.

The death toll in China’s commercial hub Shanghai continued to climb during the weekend, despite a fourth week of hard lockdowns, whileauthorities started mass testing in Beijing, warning that infections were spreading...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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