Gloomy global data sends JSE to three-month low
The local bourse lost 1% in morning trade after reports that Chinese industrial growth had slipped to a 17-year low in July
Further signs that the global economy is losing momentum weighed on the JSE on Wednesday morning, with the local bourse slipping back below 55,000 points amid broad-based losses.
Chinese industrial output growth in July missed market expectations, rising only 4.8% year on year, compared with the market’s target of 5.8% growth. This is the lowest growth since 2002...