South African Stocks: Anglo American Drops 2.3%

Bloomberg reported the FTSE/JSE Africa All Share Index  declined 2.3%, the most in six months.

As quoted in the market news:

Anglo American Plc (AGL) , the diversified miner that makes up about 9 percent of the index, dropped 2.3 percent to 282.38 rand, its first drop in four days. Copper declined as policy-meeting minutes from the U.S. Federal Reserve damped expectations for further monetary stimulus and increasing stockpiles signaled weaker demand.

Click here to read the full Bloomberg report.