MARKET WRAP: Rand falls as China property situation worsens
JSE basks in glow of Sibanye-Stillwater’s $1bn Brazilian deal and strong corporate earnings in the US
26 October 2021 – 20:10
The rand weakened against major currencies on Tuesday, pulled lower by precious- and base-metals prices as another Chinese property developer defaulted on a debt obligation.
Debt problems in China’s property sector have become a global threat, with Modern Land on Monday becoming the fourth developer there to default on an overseas debt obligation…
Source: businesslive.co.za
