Tuesday, June 12, 2007

S.African stocks fall, hit by US rate fears

(Reuters) - South African stocks ended weaker on Tuesday as rising bond yields fueled concerns about higher interest rates in the U.S., with media firm Naspers leading the country's blue-chips decline.

"There has been market nervousness around rising rates, and the South African market is long overdue for some profit taking," a Johannesburg-based trader said.


Read more at Reuters Africa

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