MARKET WRAP: JSE joins the party on slew of good news
Rand sharply weaker in line with other emerging market currencies as investors talk of further rate cuts in Turkey
The JSE closed at a record high, buoyed by gains in tech-heavy Naspers and Prosus, and cordial talks between US President Joe Biden and his Chinese counterpart Xi Jinping.
The rand, though, fell victim to talk of a further interest-rate cut in Turkey that sent the lira sharply weaker against the dollar — as did most emerging-market currencies. ..