Gold miners on the JSE suffered their biggest single-day drop in almost a month on Thursday, with the overall market also lower despite an easing in tension between the US and the Middle East.
On the trade-war front, China’s commerce ministry said on Thursday that the initial phase-one agreement is expected to be signed next week in Washington. Trump said in December that the deal could be concluded on January 15. Earlier, the Shanghai Composite rose 0.91%, Hong Kong’s Hang Seng 1.68% and Japan’s Nikkei 225 2.31%.
At 5.32pm, the rand had weakened 0.28% to R14.2163/$. It has, however, been the best performing among emerging-market currencies tracked by Bloomberg over the past three months, slightly ahead of the Chilean peso. It was 0.28% softer to R15.7841/€, while flat at R18.5481/£. The euro was little changed at $1.1103.
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