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The JSE tracked broad-based losses from Asian counterparts on Friday following the release of poor economic data from China. At 17h15 the All Share lost 0.69%.
Following the release of stagnant job growth numbers for February, US stocks fell on Friday, fuelling concerns over a sharp deceleration in domestic economic activity. At 17h30 the Dow had fallen 0.70%.
European shares dropped on Friday, as less-than-inspiring Chinese economic data weighed heavily on global markets. At 17h30 the pan-European STOXX 600 index lost 0.96%.
Chinese shares led broad-based losses for Asian markets on Friday, as lower export and import data fuelled concerns over a slowing economy. The Hang Seng ended the day 1.96% lower.
The Nikkei fell on Friday as trimmed forecasts for European growth and negative Chinese export data weighed heavily on risk appetites. At 17h45 the Nikkei lost 2%.
The rand fell on Friday as gloomy economic data from China wreaked havoc on global markets. At 18h50 the rand traded R14.43 against the dollar.
Gold prices rebounded on Friday ahead of the release of a US jobs report, while investors continued to express concern over growing signs of a global slowdown. At 18h50 spot gold was trading at $1 296.64 an ounce.
Oil prices slipped over 2% on Friday after reports showed a sharp decline in Chinese imports and exports over the previous month. At 18h00 a barrel of Brent crude was trading at $64.63.
Source: Reuters, Business Day, Trading Economics
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