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Following a decline in Naspers and Prosus shares, the JSE ended lower on Monday. At the closing bell, the All Share lost 0.15%.
Rising US Treasury yields and the possibility of a hike in inflation prompted valuation concerns, bringing down the Nasdaq 2.46%.
European stocks were mostly down amid prospects of higher inflation, following a surge in commodity prices. At the close of business, the FTSE 100 lost 0.14%.
Concerns over stretched valuations and risks of policy tightening in China weighed on Hong Kong shares on Monday. The Hang Seng ended 1.06% lower.
The Nikkei rose 0.46% while the broader Topix gained 0.49% as recovery hopes lifted cheap cyclical stocks.
The rand weakened ahead of the national budget speech as market participants waited to see how far government has come in narrowing the budget deficit. At 18h00 it traded R14.67/$.
Bullion rose as support from a weaker dollar overshadowed pressure from rising US Treasury yields.
Oil prices gained close to 4% on Monday as US production slowly returned after the Texas freeze. At 18h30, Brent crude traded at $64.23 a barrel.
Source: Reuters, Business Day, Trading Economics
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