Shaky rand wob­bles back

Sunday Tribune - - METRO -

THE rand breached 15 against the US dol­lar early last week be­cause of do­mes­tic con­cerns and the global im­pact of trade wars, but was on firmer ground at 14.54 early on Wed­nes­day.

A stock mar­ket rout that started on Wall Street rolled through Asia, driv­ing China’s bench­mark in­dex to a four-year low on Thurs­day and knock­ing down in­dexes in Ja­pan, Korea and Aus­tralia.

Global stock in­dexes rose on Fri­day af­ter their re­cent sharp de­clines on hopes that US Pres­i­dent Don­ald Trump and his Chi­nese coun­ter­part, Xi Jin­ping, will meet at the Group of 20 sum­mit next month.

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