JSE faces weaker Asian markets on Friday as inflation concerns spook investors
US markets slumped overnight and the rand breached R15/$, as concerns about US inflation returned to weigh on risk assets and tech stocks
26 February 2021 - 07:16
The JSE faces sharply lower Asian markets on Friday, with US markets under severe pressure overnight, as concerns about future inflation prompted investors to once again sell off bonds.
The tech-heavy Nasdaq slumped 3.52% and the Dow Jones 1.7%, while in morning trade on Friday Tencent was down 2.7%. The rand also had its worst day in eight months on Thursday, plunging 3.6% against the dollar...
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