MARKET WRAP: JSE falls as global markets slump on renewed virus concerns

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

The all share fell as much as 2.8%, its biggest intraday decline since October 28, with the top 40 dropping 1.7%

The JSE suffered its biggest intraday drop in almost two months and the rand snapped a five-day winning streak on Monday amid a global market sell-off sparked by concerns that a new strain of Covid-19 may worsen the spread of the coronavirus and lead to further lockdowns.

The rand was the third-worst performing emerging-market currency after the Russian rouble and Brazilian real, while the JSE slid along with equity markets across the world as a string of countries imposed travel bans on the UK due to the new virus strain prevalent there...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines