Tech stocks drag JSE lower as traders digest news of Xi’s third term
The local bourse lost ground on Monday morning as it took its lead from its global peers
24 October 2022 – 11:46
The JSE was weaker along with its global peers on Monday morning, dragged lower by major tech stocks as Tencent sank on in Hong Kong trade.
Tech stocks dragged the Hang Seng down 6%, with Tencent, , which influences the JSE via Naspers, plunging 11% after the Chinese Communist Party election at the weekend left investors with no hope in policy changes as President Xi Jinping secured a third term…
Source: businesslive.co.za