JSE mining stocks fall on China data

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JSEPic INLSA The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

Johannesburg - South Africa's Harmony Gold fell 7 percent in early trade on Monday as mining stocks in Johannesburg and elsewhere were hit by soft data out of China and as spot bullion sank to a 2-year low.

Rivals AngloGold Ashanti and Sibanye Gold dropped almost 6 percent while Gold Fields and Impala Platinum slid more than 4 percent.

Resource stocks globally have dived after China's economic recovery unexpectedly stumbled in the first three months of 2013 as the annual rate of growth eased back to 7.7 percent from the 7.9 percent pace set in the final quarter of last year, official data showed on Monday. - Reuters


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