MARKET WRAP: JSE closes weaker as tech stocks slip
Banks and financials rally while tech-heavy Naspers and miners pull the all share lower
05 August 2021 - 17:56
The JSE closed weaker amid mixed global peers on Thursday as uncertainty about Chinese policy dragged technology stocks lower.
Banks and financials rallied on the day, but tech-heavy Naspers and miners pulled the all share lower, with Naspers tracking a weaker Tencent after China’s Securities Times newspaper took aim at the online gaming industry again, citing teenage addiction and favourable tax treatment. ..
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