Negative sentiment weighed on the JSE on Thursday‚ with broad-based losses seen as a host of local and international issues boosted interest in safe-haven assets. The local bourse fell back below 60‚000 points‚ while the weaker currency pushed some rand hedges and platinum miners higher. The gold index fell‚ after disappointing local data‚ despite the price of the precious metal remaining stable at a three-week high. Risk-events on Thursday included a resumption of Brexit negotiations‚ and a visit by US President Donald Trump to China. Concerns were rising over possible delays in US tax reforms‚ and equity bears could make an unwelcome appearance‚ consequently exposing global stocks to downside risks‚ said FXTM analyst Lukman Otunuga. US stocks opened a fair bit lower on Thursday‚ and were on track for their worst daily loss for two months‚ as the market awaited a Senate version of the tax bill‚ reported Dow Jones Newswires. There was concern that the Senate version may differ from ...
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