MARKET WRAP: Rand falls as China property situation worsens
JSE basks in glow of Sibanye-Stillwater’s $1bn Brazilian deal and strong corporate earnings in the US
26 October 2021 - 20:10
The rand weakened against major currencies on Tuesday, pulled lower by precious- and base-metals prices as another Chinese property developer defaulted on a debt obligation.
Debt problems in China’s property sector have become a global threat, with Modern Land on Monday becoming the fourth developer there to default on an overseas debt obligation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.