The JSE closed weaker on Friday on global risk-off sentiment, as investors stood on the sidelines following remarks by President Donald Trump that the US could decimate North Korea in a similar fashion to what happened in Libya with President Gaddafi’s removal in 2011.Although Trump later backtracked from the comments, also echoed by his security advisor John Bolton, it drew a sharp response from Korean leader Kim Jong-un ahead of their scheduled meeting on June 12 in Singapore.Although the Dow was flat at the JSE’s close, analysts warned of the dangers ahead. Indications were that trade talks between China and the US appeared not to be progressing well, as yields on the US 10-year treasury remain elevated above 3%."We should highlight that with yields still above 3% and concerns for a potential breakdown of US-China negotiations the risk for equities was to the downside," said Konstantinos Anthis, head of research at ADS Securities, in a note to clients.Trump’s threats coincided wi...
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.