The JSE slipped 1.86% on Wednesday, in broad-based losses, as a series of events prompted investors to shy away from risk assets.The rand was weaker despite upbeat inflation data earlier, putting pressure on banks, financials and retail stocks.The resurfacing of fears over global trade put pressure on commodity prices, ensuring local miners were lower on the day. The platinum index registered its largest one-day fall since July 2016.Uncertainty regarding trade follows the US senate banking committee’s approval of legislation, on Tuesday, to tighten national-security reviews of Chinese technology giants, strengthen export controls, and prohibit the Trump administration from lifting stiff penalties imposed on Chinese telecoms company ZTE, reported Dow Jones Newswires.Local data was positive, with inflation in April accelerating at a weaker pace than expected. Retailers failed to benefit from the slightly increased prospect of an interest-rate cut. While the impact of the hikes in the ...
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