Friday looks to be another bad day for the JSE, following Thursday’s 2.27% drop in the all share index.Tencent was down 4.53% to HK$341,20 in Hong Kong ahead of the JSE’s opening, indicating its 31%-owner Naspers’s 6.42% drop to R3,350 on Thursday may continue.BHP was down 1% to A$33.43, contributing to a 0.32% drop in Sydney’s ASX 200 index.The gloomy tone of Asian stock markets on Friday morning was attributed to US President Donald Trump threatening to escalate his trade war with China further.The rand weakened overnight to trade at R14.72 to the dollar, R17.18 to the euro and R19.16 to the pound at 6.40am.Friday is deadline day for companies with end-May financial periods, meaning the usual last-minute spurt by laggards either to get their results out or to issue excuses before Sens closes at 6pm.Several companies with end-June financial periods are diarised to release results on Friday.These include interim results from Old Mutual and Grindrod, which have both gone through divo...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now