MARKET WRAP: JSE has worst day in eight months as virus fears hit global markets
The outbreak has weighed on the rand which weakened by more than 1% on Monday
The JSE recorded its biggest one-day fall in more than eight months on Monday, with global markets slumping as the death toll from the coronavirus increased, and amid concern that the outbreak may have an effect on the global economy.
China had to extend its Lunar New Year holiday which started last week as the death toll from the virus rose to 81, Reuters reported on Monday. After pausing public transportation in several cities last week, China has also banned its citizens from participating in overseas travel group tours in an effort to contain the virus...