Asian markets take breather after oil-fuelled rally

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Hong Kong - Asian traders trod carefully on Tuesday as profit-taking from the previous day's rally offset a healthy lead from Wall Street, while the pound briefly fell after authorities said a blast in Manchester could be terror-related.

Global markets pushed higher on Monday as energy firms benefited from a surge in oil prices as Opec and Russia look set to extend an output cut, while US dealers welcomed an optimistic survey on US manufacturing.

But crude was unable to press on with gains on Tuesday, weighing on petroleum-linked firms ahead of a meeting between Opec and Russia later in the week.

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USD/ZAR
14.32
(-0.4)
GBP/ZAR
19.92
(-0.3)
EUR/ZAR
17.22
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AUD/ZAR
11.09
(-0.4)
JPY/ZAR
0.13
(-0.5)
Gold
1,794.72
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Silver
26.76
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Top 40
61,619
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Financial 15
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85,459
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Resource 10
70,708
(+0.5)
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