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Market Impact: 0.18

EZA Makes Notable Cross Below Critical Moving Average

Source: Nasdaq

Emerging MarketsMarket Technicals & Flows

The iShares MSCI South Africa ETF (EZA) fell 2.1% Monday and broke below its 200-day moving average of $69.21, trading as low as $67.99. The technical breakdown signals weakening near-term momentum for South African equities, though the news is unlikely to have broad market implications.

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