STOCK exchanges trading ahead of the JSE on Tuesday morning were mostly flat.An exception was Hong Kong where the Hang Seng index gained 0.8%, led higher by banks despite a warning from Moody’s that Chinese banks are over-reliant on interbank loans.Japan was braced for Typhoon Lionrock to hit its north east region on Tuesday afternoon. This is the same region that was devastated by a tsunami in 2011. Toyota said it would shut plants and airlines cancelled flights.Lionrock prompted Prime Minister Shinzo Abe to cut short his visit to Kenya, where he had been leading a conference on African development, to oversee preparation for the storm.On the JSE on Tuesday, RCL Foods, the group created by the merger of Rainbow Chickens and Foodcorp, warned shareholders in a trading statement on August 18 it expected to report headline earnings per share for the year to end-June for continuing and discontinued operations fell by up to 16%.The results will include a goodwill impairment of R643m for ...
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