JSE slides nearly 2% as new Covid-19 variant attacks global markets

The JSE fell nearly 2% at midday on Friday, leaving the all share index on course for its worst one-day decline since early September, after the discovery of the new Covid-19 variant sparked a flight from riskier assets.

The all share was down 1.75% to 69,317.91, as the top 40 index sank 1.60%. The gauge of banking and insurance stocks fell i between 5% and 6%. ..

Source: businesslive.co.za