The JSE opened weaker on Friday after the Dow plummeted more than 4% for the second time this week on Thursday, as renewed risk-off trade gripped global bourses.The Dow closed 4.15% off at 23,860.46 points, the weakest level since the end of November. Tesla, Amazon and Facebook led the losses. However, Twitter surged 12.15% after their results beat estimates and the group reported its first profit."Markets are in correction territory, as concern surrounding inflation and higher interest rates weighed on investors," Nedbank Corporate and Investment Banking analysts said.The Dow plunged 4.6% on Monday. After recovering on Tuesday, US equity markets have come under renewed pressure as US bond yields continue to spike ahead of more aggressive interest-rate increases expected from the US Federal Reserve.Asian markets followed US markets lower, with the Nikkei 225 dropping 2.32% and the Hang Seng 3.14%. Australian stocks fell to their lowest level in four months.A softer rand had little e...
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