Asian markets rebounded on Tuesday morning from Monday’s tech rout, during which Naspers close d5.89% lower at R2,525. Naspers’s Hong Kong-listed associate Tencent was 0.44% higher at HK$271.80 at 6.40am on Tuesday morning, helping the Hang Seng index gain 0.52%. Nasdaq’s "Fang" stocks — Facebook, Amazon, Netflix and Google-parent Alphabet — where slightly positive in after-hours trade after leading global tech stocks fell on Friday and Monday. Facebook was 0.24% higher at $148.80, Amazon 0.02% higher at $965, Netflix 0.37% higher at $152 and Alphabet flat at $961.81. Apple, which lost 7% from Friday to Monday, was 0.19% higher at $145.60 in after-hours Asian trade on Tuesday. Sasol, which rose 0.83% to R372.25 on Monday, may have a second day of gains, tracking international oil prices higher. Brent crude was 0.6% higher at $48.48 a barrel after Saudi Arabia said it would make significant supply cuts. The rand was steady at R12.80 at 6.40am. The US Federal Reserve Bank’s monetary p...
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