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By 10:15 local time the JSE all share index was down 0.25%, with gold miners down 1.35%, resources off 0.42% and platinum miners0.23% softer.
Banks were flat, financiers
were 0.15% lower and industrials shed 0.14%.
The rand was bid at R7.27 to the dollar from R7.29 at the JSE's close on Wednesday. Gold was quoted at $1 200.97 a troy ounce from $1 195.64oz at the JSE's previous close, while platinum was at $1 516.50/oz from $1 540.50/oz before.
A local trader said the JSE is tracking lower global sentiment, with Asian markets lower across the board. "The Dow ended sharply lower on Wednesday and that sentiment is feeding through to the market this morning."
The Dow closed
down 2.5% or 265.4 points on Wednesday.
Dow Jones Newswires reports that the losses on Wall Street weighed on Asian stock markets on Thursday, while shares in Japan slid as the yen rose sharply against the dollar and the euro.
The
Nikkei ended down 0.86% while the Hang Seng index was last 0.9% lower.
European stock
markets also opened lower on Thursday, however the FTSE was last up 0.3%.
This week's downbeat assessment of the US economy by the Federal Reserve, data suggesting the Chinese economy was slowing and the Bank of England's pessimism on Wednesday about the growth outlook for the UK have prompted investors to move out of riskier assets such as equities and the euro.
- I-Net Bridge
