JSE slips as China’s worsening Covid-19 situation takes toll on sentiment
Risk assets are selling off and havens are gaining on a threat to growth in the world’s second-largest economy, one analyst says
25 April 2022 – 11:44
The JSE was weaker on Monday morning, along with its global peers as investors digested news that China’s Covid-19 outbreak had worsened, while also weighing up the effect of more aggressive interest-rate increases.
The death toll in China’s commercial hub, Shanghai, continued to climb during the weekend, despite a fourth week of hard lockdowns, while authorities have begun mass testing in Beijing, the country’s capital, warning that infections were spreading…
Source: businesslive.co.za
