UPDATE 1-S.Africa's rand slips to 1-week low, financial stocks drag down bourse

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- af.reuters.com | 4 months ago

4:16 PM / Updated an hour agoUPDATE 1-S.

Africa's rand slips to 1-week low, financial stocks drag down bourse3 Min Read* Rand roiled by trade war, investors eye cabinet composition * Stocks down as weak currency hits banks (Adds latest prices, analyst quotes) JOHANNESBURG, May 17 (Reuters) - The South African rand slipped to its weakest in one week on Friday as escalating trade tensions between China and the United States dragged down demand for emerging markets assets. At 1540 GMT, the rand was 1% weaker at 14.

4300 per dollar, its weakest level since May 9, after an overnight close of 14.

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