Wednesday, May 30, 2007

S.African stocks dip on global jitters, rate fears

(Reuters) - South African stocks slid on Wednesday led by financial and industrial stocks as China's move to cool its booming market hit global equities and a jump in local inflation bolstered the case for an interest rate hike.

The Johannesburg Top-40 index of blue-chip stocks dipped 0.79 percent to 25,502.56 points, recovering from earlier in the day when it fell more than 1 percent, while the All-share index fell 0.79 percent to 28,439.40 points.


Read more at Reuters Africa

No comments: