JSE is lower as markets await Chinese response to higher Trump tariffs
The JSE opened weaker on Tuesday after US President Donald Trump announced tariffs of 10% on $200bn worth of Chinese imports, with markets now eyeing China’s response.Naspers was down 1.45% to R3,160 on a flat Tencent share price in Hong Kong, as investors reacted lukewarmly to the news it would separately list video entertainment subsidiary MultiChoice.Naspers shareholders have been clamouring for the separate listing of their interest of Tencent, but management has denied it is planning for such an event.The Dow closed 0.35% lower on Monday but Chinese markets bounced back on Tuesday as most of the news had already been priced into the market. The Shanghai Composite was up 1.82% and the Hang Seng 0.6%.TreasuryOne senior currency dealer Andre Botha said there was no knee-jerk reaction this time in the market on the escalated global trade war, with the rand remaining steady at about R14.90 to the dollar. "The lack of reaction could mean that the market will trade in ranges as we awa...
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