The JSE fell sharply on Wednesday, putting it on track for its worst quarterly decline in eight years.The all share was down 2.13% to 54,854.60 points at midday, its weakest level since July 2017, and as a result well into correction territory — technically defined as a drop of 10% or more from a recent high. All the underlying indices dropped fairly sharply on the day, save for gold stocks.The local share market was caught up in a renewed sell-off on global markets, which have been erratic and inconsistent since the start of 2018."Overall 2018 hasn’t been great for markets, with volatility kicking in and trade-war talk having its effect on performance," Unum Capital analyst Michael Porter said."We are still bullish [on] local markets but I don’t expect the same growth we have seen [over] the past couple of years, with volatility the name of the game at the moment." The sell-off in big US technology companies on Tuesday night spread to Asia, Europe and the UK, where a number of larg...
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