The JSE closed lower on Friday led by market heavy-weight Naspers, snapping a seven-week streak of consecutive gains. Despite a positive start to the week, fuelled by optimism over global growth, a spike in geopolitical tension between North Korea and the US put an end to risk-on trade from Wednesday. Markets headed into the weekend on a negative note, as traders sought safety ahead of what could potentially be a risky couple of days, said Oanda analyst Craig Erlam. The all share closed 0.98% lower at 55‚155.10 points and the blue-chip top 40 lost 1.09%. The all share was down 1.41% for the week. Resources dropped 1.41%‚ industrials 0.99%‚ financials 0.66%‚ banks 0.58%‚ platinum 0.55%‚ property 0.26%‚ and food and drug retailers 0.17%. The gold index was up 0.69% and general retailers 0.09%. Diversified miner Anglo American dropped 3.04% to R214.81. Glencore shed 2.29% to R56.25 following disappointing interim earnings on Thursday. Kumba Iron Ore dropped 2.46% to R199 and Arcelor-Mi...
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