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The JSE followed international markets down after the Nasdaq dropped nearly 5% on Thursday. At the close of business, the All Share lost 2.40%.
The Nasdaq traded 4.96% lower on Thursday as investors discarded dipping tech stocks including Facebook, Apple, Amazon, Alphabet and Microsoft.
A slump in US technology stocks caused European markets to fall on Thursday while local economic data lifted hopes of additional monetary policy easing. The FTSE 100 lost 1.52%.
India banned over 100 more Chinese apps as the Sino-Indian border dispute escalated, driving the Hang Seng index 0.39% lower for the day.
Japan’s Nikkei reached a six-month high on Thursday as rising expectations of additional global and domestic economic stimulus boded well for sentiment. The Nikkei ended the day 0.94% higher.
The rand strengthened to R16.71/$ at the close of business on Thursday as investors awaited new catalysts.
Gold lost 0.89% at 18h00 on Thursday after better-than-expected US economic data, coupled with a firmer dollar weighed on demand for the safe-haven metal.
Oil prices slipped as US unemployment data fuelled fears of a slow post-pandemic economic recovery. At 18h30 Brent crude was trading at $43.73 a barrel.
Source: Reuters, Business Day, Trading Economics
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