Chinese markets are closed on Monday for the Dragon Boat Festival — luckily, considering how Asian markets were trading, suffering a severe "Trump slump" following weekend news of the US president pressing ahead with his threatened trade war.Tokyo’s Topix index was down 1.15% and the Nikkei 225 index was down 0.92% despite Japan’s May export growth coming in at 8.1%, ahead of economists’ consensus of 7.5%.The rand was trading at R13.44 to the dollar, R15.58 to the euro and R17.84 to the pound at 6.50am, relatively unchanged from Friday’s levels.The only JSE-listed company scheduled to release results on Monday is cement maker PPC, whose share price fell 8.6% to R7.34 on Friday after it issued a trading statement.The cement maker’s shareholders appear to have expected a better than 110%-120% rise in headline earnings per share (HEPS) for the year to end-March more than doubled.Net profit attributable to PPC shareholders is expected to increase by 55%-65% from R93m in its 2017 financi...

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