South Africa's rand falls as trade war concerns hurt sentiment


JOHANNESBURG, May 28 (Reuters) - South Africa's rand weakened on Tuesday, falling more than 1% in early trade as Sino-U.S. trade tensions dampened market sentiment.

At 0834 GMT, the rand ZAR=D3 traded at 14.5975 per dollar, 1.2% weaker than its New York close on Monday.

In fixed income, the yield on the benchmark government bond due in 2026 ZAR186= added 8.5 basis points to 8.445%.

On the stock market, both the Top-40 .JTOPI and the broader all-share index .JALSH were down 0.3%.

(Reporting by Olivia Kumwenda-Mtambo; editing by John Stonestreet)

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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