The JSE closed weaker on Tuesday in heightened risk-off trade as the market shrugged off upbeat manufacturing data that holds the promise of higher GDP growth this year.Fears of global trade tension intensified amid indications that China might be seeking permission from the World Trade Organisation (WTO) to impose trade sanctions on the US before President Donald Trump imposes further, higher tariffs on China. Trump has threatened to increase tariffs on almost all Chinese imports to the US, but has yet to make an official announcement.The rand was steady in choppy trade on the day, but provided little confidence to the market as it failed to break through R15 to the dollar. The rand is now down 22% against the dollar this year, but has recovered from its weakest level so far in September, when it hit R15.69/$ last week.The banking index was marginally higher after ratings agency Moody’s changed its outlook on SA’s banking system to stable from negative.Naspers ended the day 0.93% l...
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