Tuesday, July 24, 2007

S.Africa stocks dip on US worries, financials hit

(Reuters) - South African stocks slid more than 1 percent on Tuesday as a grim outlook for the U.S. housing market rattled global equity markets and Nedbank fell as takeover talk abated.

The Johannesburg Top-40 index of blue-chip stocks slid as much as 1.55 percent but recovered slightly to close down 1.09 percent at 26,806.08 points. The All-share index dropped 0.99 percent to 29,590.81 points.


Read more at Reuters Africa

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