MARKET WRAP: JSE firms as China keeps easing Covid-19 restrictions

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JSE closes firmer, rand holds steady and gold eases

The JSE closed firmer on Wednesday, catching up in a holiday-shortened week with investor sentiment lifted by China’s progressive loosening of Covid-19 restrictions, which weighed on global economic growth this year.

Investors welcomed news that China will scrap its eight-day inbound quarantine on January 8, putting it on track to emerge from three years of self-imposed global isolation, reports Bloomberg...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 TimesLive Premium.

 

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