The JSE closed weaker on Tuesday as global risk-off sentiment drove equity markets lower after rising US bond yields raised the sceptre of a more aggressive tightening of US monetary policy.The platinum index and resources rose towards the close, but banks, retailers and property stocks fell sharply.Naspers closed nearly 4% lower after Tencent lost ground in Hong Kong trade ahead of expected weaker quarterly numbers, due out on Wednesday.The Dow was 0.75% lower at the JSE’s close, while European markets rose on a weaker euro.Equities were sold off following a sharp rise in the US 10-year bond yield to more than 3.06% on upbeat US retail sales data, released on the day. The market is now pricing in four interest-rate increases from the US Federal Reserve this year from a previously predicted three.The all share closed 1.23% lower at 57,891.80 points and the top 40 lost 1.28%. Banks lost 4.5%, general retailers 3.21%, the gold index 2.37%, financials 2.34%, and property 2.03%. Resourc...
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