MARKET WRAP: JSE drops the most in seven months as global markets plunge
The JSE all share dropped 3.28% and the top 40 3.29%, with all the major indices down on the day
28 October 2020 - 18:41
The JSE fell the most since March 27, the first day of SA’s hard lockdown, on Wednesday, falling for a third day as rising Covid-19 cases and tighter lockdowns in some countries sparked renewed fears about the global economic recovery.
Equity markets slumped for the second time this week as surging coronavirus cases in Europe and the US continued to weigh on sentiment, while the lack of an agreement on a US stimulus plan added further pressure. Both the White House and US House Democrats have now conceded that a deal is unlikely before the November 3 election...
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