The JSE opened weaker on Friday on renewed concerns about an escalating global trade war, and as Naspers slumped below R3,000 a share again.Miners were lower as the rand crossed R12 to the dollar amid softer commodity prices. The platinum price was 0.47% lower at R9.09, while gold shares on the JSE were up.Naspers closed above R3,000 on Thursday, but was 2% lower on Friday morning, despite a weaker rand. Internet group Tencent, its Chinese investment, rose about 2% in Hong Kong trade.US President Donald Trump has threatened a major escalation in trade tensions with Beijing, saying he was considering tariffs on an additional $100bn in imports from China, Dow Jones Newswires reported."Many were under the impression that the trade war between the world’s two largest economies had subsided, but further comments from the Trump administration last night proved otherwise," analysts at Nedbank Corporate and Investment Banking said.The Dow closed 0.99% higher on Thursday on optimism that the...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.