Money SA economy
The JSE extended losses on Tuesday, ending sharply weaker in line with global markets, which turned south following downbeat trade data from China.
The market is awaiting the US Federal Reserve's latest monetary policy statement, a trader said. The JSE all share index closed down 1.29%, as the platinum index fell 1.56%, the resources index dropped 2.14% and gold shares lost 0.23%. Banks declined 1.12%, financials gave up 0.69% and industrials fell 0.75%. Gold was quoted at $1,194.74/oz from $1,206.57/oz at the JSE's previous close, while platinum was at $1,540.50/oz from $1,567.00/oz before.
The July trade data showed Chinese imports growth slowing more than expected, raising concerns about the country's economic outlook for the rest of the year.
Dow Jones Newswires reported that US stocks slid on Tuesday in jumpy trading as disappointing Chinese data added to the anxiety of investors waiting for guidance from the Federal Reserve.
