The JSE closed marginally lower on Wednesday with global markets in a sea of red as concerns over the signing of a partial trade deal between the US and China weighed on global market sentiment.
“We’ve gone from a phase one agreement apparently being reached, ready for signing at this month’s Asia-Pacific Economic Cooperation summit — which was then cancelled, due to both sides failing to agree on tariff rollbacks, among other things, and a deal this year is looking less likely,” said Oanda senior Craig Erlam said.
At 5.30pm, the rand was flat at R14.7564/$ and R16.3409/€, while it had weakened 0.1% to R19.0597/£. The euro was little changed at $1.1074. The JSE all share lost 0.1% to 57,313.4 points and the top 40 0.17%. Resources fell 0.82% and industrial 0.29%.
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