JSE opens higher as Asian markets recover
The Shanghai Composite index, which lost 5.6% on Monday, was 0.7% up and Hong Kong’s Hang Seng index gained 0.5%
The JSE opened higher on Tuesday as stock markets recovered slightly, following heavy losses in the prior session owing to US-China trade tension. Bloomberg reported earlier that China’s top trade negotiator would visit the US this week for trade talks, easing fears that discussions could be abandoned after US President Donald Trump threatened to raise tariffs on $200bn of Chinese imports from 10% to 25%, as trade talks were progressing “too slowly”. On Tuesday, the US's top negotiator, Robert Lighthizer, confirmed that the Trump administration would increase tariffs on Chinese imports on Friday, accusing China of not fulfilling its commitments to the talks, Bloomberg reported. The Shanghai Composite index, which lost 5.6% on Monday, was 0.7% up and Hong Kong’s Hang Seng index gained 0.5%. The JSE’s all share index was 0.31% up at 58,896.2 points at 10am and the top 40 rose 0.39%.Banks climbed 0.31%, industrials 0.09%, and resources 1.06%. Anheuser-Busch InBev (AB InBev), the world’...
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