THE JSE slid to a four-week low on Monday, taking its lead from weaker global markets.The all share index tumbled up to 2%, its biggest one-day drop since the UK vote to leave the EU in late June.Investors sold stocks across the main indices, leaving the all share down 1.63% to 52,478.81 points at lunchtime, the lowest since August 18.Resources bore the heaviest brunt of the sell-off, which extended into financial and industrial sectors, but SABMiller and British American Tobacco bucked the trend, thanks to a sharply weaker rand.Market jitters increased on Friday after US Federal Reserve federal open market committee member Eric Rosengren, a noted dove, left the door open for a rate hike next week. This followed previous dovish comments by committee members, while the European Central Bank’s reluctance to announce further stimulus measures on Thursday was seen as another hawkish turning point for central banks.Momentum SP Reid said the effect of comments from Fed officials on the po...
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