JSE may follow Asian equities higher on Friday
The performance of Asian stocks signals a positive opening for the local bourse, despite a mixed performance by US shares overnight
Asian stocks rose on Friday morning, signalling a positive opening for the JSE, despite a mixed performance by US equities overnight. American equities were largely flat on Thursday owing to renewed concerns about trade talks between the US and China. Leaders from the world’s two largest economies delayed a trade meeting until at least April, according to Bloomberg. GT247.com said in a note on Friday morning the delay meant global market volatility would continue for some time. Asian equities posted solid gains on Friday morning, with the Hang Seng index and Nikkei 225 both up 1%, and South Korean equities 0.7% firmer. Tencent, Naspers’s flagship investment, was 0.9% higher in Hong Kong, although BHP Group was 1.1% down in Australia — suggesting a weak opening for the JSE’s fifth largest stock. JSE-listed financial services group Investec is scheduled to provide an update to investors on Friday, before the company enters a closed period. The rand was firmer on Friday morning, tradin...
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