MARKET WRAP: JSE closes lower due to Middle East tension
The rand also weakened after a US airstrike killed a leading Iranian general, with leery markets awaiting Iran’s response
03 January 2020 - 17:57
The JSE ended the day lower on Friday as geopolitical tension between the US and Iran caused uncertainty in financial markets globally, following the US airstrike in Iraq that killed Iran’s top commander, General Qassem Soleimani.
The rand weakened as rising tension in the Middle East placed pressure on riskier assets, prompting investors to seek safer waters. ..
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