JSE may escape global tech rout
Telkom, Investec Property Fund and African Equity Empowerment Investments are expected to release results on Tuesday
Nasdaq’s 2.78% drop on Monday, led by Apple falling 5% to $194.17, set the tone for Asian markets on Tuesday morning. Tokyo’s Nikkei 225 index was down 2.36% and Sydney’s ASX 200 index was down 1.75%. A tweet from US President Donald Trump on Monday blaming the latest tech stock rout on the Democratic Party winning control of the US House of Representatives provided some levity for market commentators.
The JSE, which fell 1.94% on Monday, may avoid following Nasdaq considering Naspers’s main asset, Tencent, was up 0.37% to HK$271.60. JSE-listed companies diarised to release results on Tuesday include Telkom, Investec Property Fund and African Equity Empowerment Investments. Telkom has not issued a trading statement, as would be required if its interim earnings for the six months to end-September differed by more than 20% of the Investec Property Fund said in a trading update on September 28 that it expected to increase its interim dividend by about 5%, which is below its targe...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.