The JSE closed marginally higher on Wednesday in subdued trade, as investors remained on the sidelines ahead of the public holiday on Thursday.Volumes were low at R14bn on the day as retailers rose on a rangebound rand, with banks and financials following suit.Global markets were mixed. Sentiment was cautious amid indications that US President Donald Trump’s higher tariff policy towards China was beginning to bear fruit from an US perspective.The US indicated on Tuesday that it would begin imposing another 25% in duties on an additional $16bn of Chinese imports, but risk assets continued to find some support from a stabilising Chinese yuan and upbeat earnings reports.Surging imports helped narrow China’s trade surplus to the US in July to $28.05bn, below the $39.10bn consensus view. The country’s trade surplus with the US also narrowed, falling to $28.09bn in July from a record monthly high of $28.90bn in June, data showed.However, the Dow was slightly lower at the JSE’s close amid ...
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