JSE lower as North Korea’s latest missile launch weighs on global markets
Risk-off sentiment returned to global markets on Friday, with the JSE trading lower in line with major global equity markets after North Korea fired another missile over Japan. Some analysts had expected some sort of response from North Korea after the UN Security Council unanimously adopted a suite of new sanctions against the country on Monday. The sanctions were, however, watered down, with US President Donald Trump warning earlier in the week that they were insufficient. In a rare move, South Korea responded to the launch on Friday by immediately conducting a simulated strike of the North Korean launch site, an air base near Pyongyang, reported Dow Jones Newswires. Global bourses had staged a recovery this week‚ as a feared missile test at the weekend did not take place, and investors began returning to riskier assets. Gold miners had lost about 4% so far this week, but had recovered some of these losses on Friday morning. At 9.40am the all share was down 0.47% to 55,587 points ...
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