JSE slips as China’s worsening Covid-19 situation takes toll on sentiment

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