JSE set for mixed start to the week
Asian stock markets opened sharply higher on Monday, but by noon most of the gains had been reversed
The JSE, which is up 9.6% in the year so far after adding 2.3% last week, is set for a mixed start on Monday, with markets in the Asia Pacific paring the gains they made in early trade. Buoyed by better-than-expected jobs data released in the US on Friday, and optimism that Washington and Beijing are closing in on a trade deal, Asian stocks rose in early trade on Monday, although they pulled back going into the afternoon session. The Shanghai Composite Index, which was 1.3% higher soon after the open, was 0.1% down shortly before noon. Hong Kong’s Hang Seng Index also retreated from its earlier highs, although it went into the lunch break 0.3% up for the day.
PODCAST: Understanding the vulnerability of the JSE...
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.