MARKET WRAP: JSE weaker as interest rates and China’s economic woes weigh on sentiment

The JSE lost for the sixth consecutive session with the all share index down 8% this week, erasing 2023 gains

18 August 2023 – 18:51 Lindiwe Tsobo

The JSE lost for the sixth consecutive session on Friday, with the all share index down 8% this week and erasing 2023 gains, as prospects of more interest rate hikes in the US and a shaky Chinese economic recovery dampened market sentiment.

Fears of a deepening economic slowdown in China worried investors after a string of economic data for July significantly missed expectations…

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