MARKET WRAP: JSE, rand weaker amid fears of tighter restrictions in China
Fears of stricter lockdowns in China amid a record daily spike in Covid-19 cases weighed on markets
21 November 2022 - 18:52
The rand weakened along with other emerging-market currencies on Monday, while the JSE tracked softer US and European markets as fears of stricter lockdowns in China amid a record daily spike in Covid-19 cases weighed on sentiment.
China reported its first deaths in months, sparking fears of tougher restrictions a week after issuing guidelines aimed at making its Covid-19 approach more targeted. ..
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