JSE closes weaker due to broad-based sell-off in risk-off trade
05 November 2016 - 10:06
The JSE ended the Friday session more than 1% weaker in line with most global markets‚ which continued to trade in the red due to risk aversion caused by concern that Donald Trump could win the US presidential election on Tuesday. Recent polls showed a tightening US presidential race between Democratic nominee Hillary Clinton and Republican Trump‚ suggesting the likelihood of a Trump US presidency was rising‚ increasing safe-haven asset demand.
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