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SA Stocks Slammed as Hang Seng & PGMs Plummet

SOUTH AFRICA
  • SA stocks taking a beating today, with the Top40 trading -3.25% lower thus far - dragged lower by the collapse in the Hang Seng and selling pressure on commodities (XPT -2.02%)
  • Diversified miners seen leading the declines: Anglo American -6.41%, Implats -5.26% & Index heavyweight Naspers -3.07%
  • Top40 has fallen 9.94% since the start of September, breaking 55,000 in today's session.
  • Next major support comes in around 53,500
  • SA's 5Y CDS has also snapped its period of consolidation, rising +17bp in today's session

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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