The US stock exchange rally on Monday, during which the S&P 500 gained 0.74% and the Nasdaq composite index 0.54%, failed to excite Asian markets on Tuesday morning. A weaker rand amplified the S&P 500’s gain for South African investors who own it via the various JSE-listed exchange-traded funds which track it. Coreshares S&P 500 closed 1.12% higher at R35.10, Satrix S&P 500 Feeder was up 1.43% at R33.97 and Sygnia Itrix S&P 500 gained 1.2% to R35.39. On Tuesday morning, the rand had regained some of the ground it had lost since Friday, and was trading at R12.63 to the dollar, R14.88 to the euro and R16.94 to the pound at 6.30am. Hong Kong and South Korean markets were shut for Buddha’s Birthday. Sydney’s ASX 200 was down 0.9%, with BHP down 1% to A$33.60 and South32 was down 0.64% to A$3.87. BHP closed 1.95% higher at R303.28 while South32 fell 1.28% to R37.09 on the JSE on Monday. Tuesday is a relatively busy day for JSE results. Rhodes Food Group warned shareholders on March 20 t...
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