South African Stocks Edge Lower in Risk-Off Mood Before GDP Data
BHP Group fell 0.5% to cause the biggest drag on the overall market.
Photographer: Ian Waldie/Getty Images
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South Africa’s main stock benchmark index halted a five-day rally, dropping 0.1% by 9:45 a.m. in Johannesburg and slipping from the highest close since April 2019, as a downturn in miners and weakness among banks pulls the market lower.
The gauge joined peers in Asia in declining Tuesday, as swelling coronavirus infections across the U.S. weighed on risk assets overnight.