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The JSE closed down on Friday, as global markets continued to feel the effects of the coronavirus outbreak. The All Share weakened 0.44%.
Wall Street opened lower on Friday as investors assessed the US employment report for January that showed acceleration in jobs growth. At 18h30, the Dow Jones was down 0.32%.
European shares slipped slightly on Friday, as the rising death toll from the coronavirus outbreak and the pace of the spreading infection dulled sentiment. The pan-European stocks benchmark STOXX 600 fell 0.2%.
Hong Kong’s stocks fell on Friday as the spreading coronavirus prompted local residents to hoard goods and an Airline to slash jobs. At the close of trade, the Hang Seng index was down 0.33%.
Japanese shares ended lower on Friday as investors booked profit after China’s decision to halve tariffs on some US imports. The Nikkei average ended down 0.19%.
The rand lost 1.06% to reach R15.06/$ at 19h30 on Friday after the coronavirus claimed more lives.
Gold prices edged higher on Friday as fears over a rapidly spreading coronavirus outbreak and its economic affect fuelled safe-haven buying. Spot gold traded at $1 568.76/oz by 19h30.
Oil prices edged higher on Friday on hopes that oil cartel OPEC and other producers led by Russia (OPEC+) may cut their output further amid falling demand for crude as China battles the coronavirus epidemic. Brent crude traded at $55.23 a barrel at 19h30.
Source: Reuters, Business Day, Trading Economics
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