Stocks fell as investor anxiety mounted over this week’s US-China trade talks at the G20 Summit.
JOHANNESBURG - The rand firmed on Tuesday as the prospect of monetary easing by the Federal Reserve knocked demand for the US currency, which in turn supported developing world currencies.Dollar sales have accelerated since the Fed last week signalled it would cut interest rates before year-end on mounting worries about the fallout from US President Donald Trump’s trade disputes with China and others.
On the bourse, the benchmark JSE Top-40 Index fell 0.91% to 52,279.51 points while the broader All-Share Index was down 0.7% to 58,343 points. Chemicals and energy company Sasol and retailer Mr Price were the worst performers on the blue-chip index with Sasol down 4.08% to R350.15 and Mr Price 2.54% lower at R200.29.
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