The JSE extended losses at lunchtime on Friday, joining world markets anxious about the brewing conflict between North Korea and the US. The all-share index was off 1.07% to 55,107.30 points, as industrial 25 and resource 10 indices shed 1.2% and 1.55%, respectively. Rabobank International head of forex strategy Jane Foley said that while investors were not battening down the hatches yet, the reaction across asset classes has been fairly noticeable this week. "If [the US-North Korea conflict] continues it could have a significant impact on redirecting investments flows and therefore on the global economy," she said. "That said, there has been a tendency for global markets to look through or even shrug off geopolitical news in recent years." US President Donald Trump has threatened to retaliate if North Korea follows through on its promise to attack Guam‚ a Pacific territory where the US has a naval base. Gold stocks rose on the local share market, benefiting from a relatively higher...
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