UPDATE 1-South Africa's rand, stocks fall as risk sentiment wanes [Reuters (UK)]
Gold Fields Limited American Depositary Shares (GFI)
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Source: Reuters
UPDATE 1-South Africa's rand, stocks fall as risk sentiment wanes - Reuters 3 Min Read * Rand weaker as jitters over trade flare up * Stocks fall amid risk-off sentiment (Updates figures, fresh quotes) JOHANNESBURG, Oct 8 (Reuters) - South Africa’s rand and stocks weakened on Tuesday as concerns over the upcoming U.S.-China trade talks and escalating tensions between London and Brussels sparked a flight to safety, denting appetite for riskier but high-yielding assets. At 1527 GMT the rand was 0.66% weaker at 15.2900 per dollar. “An optimistic move by the rand to test the R15.00/$ mark was short-lived as renewed risk-off sentiment filtered into markets yesterday, with trade tension once again taking centre stage,” Bianca Botes, treasury partner at Peregrine Treasury Solutions, said in a note. Top-level trade discussions between the United States and China are scheduled for Oct. 10-11, with reports that the Trump administration was moving ahead with discussions on curbing capital flows
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- GFI's page on the SEC website