Tech-heavyweights Naspers and Prosus dragged the JSE lower, while global markets were weaker as the Russia-Ukraine conflict continued to put investors on edge.
Shares in Naspers dropped 8.03% to R2,057.22 — their biggest one-day drop since August 2021 — as renewed concerns about tighter tech regulations in China resulted in a sell-off affecting its largest asset, Tencent. ..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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