# South African rand, stocks fall as global risk appetite weakens - Markets - Business Recorder

> The rand and South African stocks retreated early on Thursday as global risk appetite weakened. The rand traded at 14.48 per dollar, about 0.5% weaker. Worries about the Chinese property sector and a possible Evergrande default weighed on sentiment.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44852-south-african-rand-stocks-fall-as-global-risk-appetite-weakens-markets-business
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Risk-off sentiment tied to Chinese property stress weakens the rand, which raises the local cost of imported feed ingredients. The move reflects broad market sentiment rather than a change in feed supply.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40128095

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.