Rout could continue after a year to forget: Africa markets in 2019
Traders in African markets have had a year to forget, and there are signs the retreat’s not over yet
18 December 2018 - 12:54
Africa’s stocks and bonds have performed worse than those of all other emerging-market regions in 2018, reversing their outperformance of last year.
The sell-off has left equities in nations such as SA, Egypt, Nigeria and Kenya at, or near, their cheapest levels in years. And the yields of Eurobonds issued by governments have soared to a point last seen in early 2016, when investors fretted China’s economic slowdown was gaining momentum...
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