Friday, May 18, 2007

S.African stocks boosted by Chinese rate decision

(Reuters) - South African stocks closed stronger on Friday, boosted by China's lower than expected rate hike which saw miners BHP Billiton and Anglo American soar over 2 percent.

"China's rate hikes came in lower than expectations, which was good for commodity prices. It was a global commodities story driving the market today," said Gryphon Asset Management Chief Investment Officer Abri du Plessis.


Read more at Reuters Africa

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