JOHANNESBURG. — South Africa’s rand weakened yesterday, falling more than 1 percent in early trade as Sino-US trade tensions dampened market sentiment.
At 0834 GMT, the rand traded at 14,5975 per dollar, 1,2 percent weaker than its New York close on Monday.
In fixed income, the yield on the benchmark government bond due in 2026 added 8,5 basis points to 8,445 percent.
On the stock market, both the Top-40 and the broader all-share index were down 0,3 percent. — Reuters.