EDITORIAL: SA escapes meltdown but fear factor remains
Wild reaction to a single data point shows how easily global markets can be spooked
12 August 2024 - 05:00
Global markets had largely rebounded by the end of last week after last Monday’s dramatic market meltdown. That meltdown was a reaction — or overreaction — to a set of data points that were relatively undramatic.
But however brief the meltdown, the reaction signals how febrile global market sentiment is. This may not be over yet. And the environment for emerging markets such as SA remains a challenge...
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