Markets report and analysis: 05 September 2018
403 views · Published 5 September 2018 · 8:42 · Indexed 26 September 2026
Channel: SABC News · 2018 · News & Politics
Asian markets tumbled this morning on growing concerns about emerging market economies, adding to the uncertainty stoked by Donald Trump's trade rows with China and Canada. After Turkey and Argentina's recent headline-making problems, South Africa became the latest country to spark panic Tuesday with data showing a plunge into recession for the one-time economic starlet. The news sent the rand plunging in a similar way to the Argentine peso and Turkish lira in recent weeks. Observers increasingly fear the problems could spread to other emerging market countries and possibly spill over into major economies. For more news, visit: sabcnews.com
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