MARKET WRAP: JSE falls as tech stocks slide across the globe

The JSE has closed weaker with its global peers mixed as international focus shifted to US Federal Reserve chair Jerome Powell’s testimony before the Senate banking committee.

The JSE all share lost the most since late October on Tuesday, with Naspers and Prosus, which dominate the local bourse, weighing as the tech-heavy Nasdaq fell more than 2% in the face of higher interest rates and a rotation into stocks linked more closely to economic recovery…