THE JSE faces a red Wednesday, judging from markets trading ahead of its opening.Asian markets took their cue from the US whose three main indices all fell more than 1% on Tuesday following a disappointing start to the earnings season.Aluminium maker Alcoa plunged 11% after its September quarter results fell short of analysts expectations.Tokyo’s Nikkei 225 index was down 0.9% and Hong Kong’s Hang Seng fell 1.1%.Panic selling of the rand, which lost 3.9% on Tuesday following the Hawks announcement Finance Minister Pravin Gordhan was to be prosecuted for "fraud" based on a possible administrative error in a pension payout, abated overnight. The rand was trading at about R14.32/$ on Wednesday morning, 0.3% stronger than Tuesday’s R14.37/$ close.Taste Holdings, which owns the Southern African franchise rights for US chains Starbucks and Domino’s, said in a trading update on October 4 it expected to report on Wednesday its headline loss per share for the six months to end-August narrowe...
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