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The JSE closed weaker on Wednesday as Naspers led the losses, in terms of volume, amid continued global risk-off trade, despite some promising signs that the Italian political crisis may be defused soon.Italian populist parties, which obtained 50% of the vote in the recent elections but have yet to form a government, indicated that they were again starting talks to that end. This could prevent another Italian election being held, with the euro under pressure earlier on the possibility that the populist parties might increase their share of the vote.The euro also clawed back some lost ground against the dollar on Wednesday after the European Central Bank (ECB) said it would continue with plans to phase out its bond-buying programme later in 2018, despite the Italian situation.Weaker Chinese markets affected Naspers’s performance, following an announcement by US President Donald Trump’s administration that the US was moving forward with its threat to apply tariffs on Chinese imports.A...

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