JOHANNESBURG, March 1 (Reuters) - The South African rand
gained in early trade on Wednesday after China's manufacturing
activity expanded at its fastest pace since April 2012, fuelling
risk-on appetite globally.
At 0522 GMT, the rand traded at 18.2900 against the
dollar, more than 0.3% stronger than its previous close.
China is South Africa's largest trading partner, so positive
news about the health of its economy tends to lift South African
asset prices.
The safe-haven U.S. dollar edged lower on the revival
of activity in China.
South Africa's benchmark 2030 bond slipped in
early deals, with the yield rising 4.5 basis points to 10.110%.
(Reporting by Alexander Winning; Editing by Subhranshu Sahu)
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