SA’s main stock exchange, which was closed on Wednesday as the country voted, could follow global markets lower on Thursday as the trade dispute between the US and China heats up. US President Donald Trump said on Wednesday China “broke the deal” between the world’s two largest economies, Bloomberg reported. This led him to decided to raise tariffs, he said at a rally in Florida. Traders had previously expected an imminent resolution to the trade impasse, which is said to be weighing on global economic growth and stocks. Hong Kong’s Hang Seng Index and Korea’s Kospi were 2% down on Thursday, while Japan’s Nikkei 225 fell 1%. Australia’s main benchmark bucked the trend, lifting 0.3%. JSE heavyweights Naspers and BHP Group may open lower on Thursday. Tencent, Naspers’s main asset, fell 1.6% in Hong Kong, while BHP was 1% lower in Australia. A handful of company results are due on the JSE on Thursday, including quarterly production numbers from AngloGold Ashanti, quarterly financials ...
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