| The JSE followed global markets lower yesterday after tech stocks in the US sank due to inflation fears in the world's largest economy. After tumbling 2.6% on Monday, the tech-heavy Nasdaq index opened weaker again yesterday, affecting companies that include Tesla. The JSE's own tech heavyweights also came under pressure, with Naspers falling 1.8% and subsidiary Prosus sliding 3.3%. Harmony led a decline in the gold miners, sinking 5.4% after it cut its full-year production guidance due to repair work at its Hidden Valley mine in Papua New Guinea. Retailers did well, however, with Massmart rising 7.9% and Pepkor gaining more than 6% on the back of an upbeat trading statement. Barloworld and Reunert also released updates yesterday, while Rebosis property fund came out with interim results and said it was making progress with recapitalisation talks. Hyprop Investments' shares declined after it sold new shares at a discount in an accelerated book build. More on all those stories to follow. I hope you have a good day. Stephen Gunnion Managing Editor, InceConnect
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