The JSE started the week with a third consecutive session of losses on Monday, suffering its biggest intraday drop since June 2016 as the rise in new cases of the coronavirus outside China sparked global risk-off trade.

New cases of the virus have been reported in South Korea, Italy and Iran, fuelling fears that the outbreak may turn into a global pandemic. China has since lifted its movement restrictions for locals as the number of new cases decreases, Reuters reported...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.