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The JSE closed weaker on Friday, as the possibility of a global trade war weighed on equity markets.The Dow Jones was 1.3% lower at the JSE’s close, with European markets also weaker. The FTSE 100 was down 1.29% after UK Prime Minister Theresa May admitted that Brexit would reduce access to EU markets.Concern about local political developments dampened sentiment, as the all share ended its second week of losses following almost euphoric trade in mid-February when President Cyril Ramaphosa took office.A sharply weaker rand, hitting R12 to the dollar in intra-day trade, failed to provide any support to global diversified miners. Naspers was lower on retreating Asian markets, with Tencent falling 2% on the Hang Seng.The threat of the expropriation of land without compensation also kept the local bourse under pressure.Gold and property shares were the star performers on the day, with retailers providing some support. Risk-off sentiment affected banks and financials, despite the market w...

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