The JSE started the week on a negative note on Monday, as the all share lost ground amid softer global markets spooked by the possibility of a more aggressive tightening of monetary policy by the US Federal Reserve. Banks, retailers and property stocks were hard hit on the day in risk-off trade. Platinums shed more than 5%, even though the metal price was up 0.74% to $995.50 an ounce at the close. The Dow opened 0.83% weaker, after Friday’s sharp drop which saw the global benchmark down more than 650 points for its worst week since early 2016. European markets were lower, with the FTSE 100 losing 1.17% and the DAX 30 losing 0.81%. The all share closed 2.63% lower at 57,113.70 and the top 40 lost 2.72%. The platinum index dropped 5.54%, banks 3.15%, property 3.13%, industrials 2.94%, financials 2.68%, food and drug retailers and the gold index both 2.34% respectively, and resources 1.64%. Rand hedge British American Tobacco slumped 3.11% to R787 and Anheuser-Busch Inbev 2.53% to R1,3...
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