JSE slips as China’s worsening Covid-19 situation takes toll on sentiment

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JSE slips as China’s worsening Covid-19 situation takes toll on sentiment
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Risk assets are selling off and havens are gaining on a threat to growth in the world’s second-largest economy, one analyst says

The JSE was weaker on Monday morning, along with its global peers as investors digested news that China's Covid-19 outbreak had worsened, while also weighing up the effect of more aggressive interest-rate increases.

The death toll in China’s commercial hub, Shanghai, continued to climb during the weekend, despite a fourth week of hard lockdowns, while authorities have begun mass testing in Beijing, the country's capital, warning that infections were spreading...

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