JSE subdued as global markets await retaliation from China
Upbeat post-election sentiment has boosted the JSE on Monday morning
The JSE opened slightly higher on Monday morning, with global markets keeping a watchful eye on the escalating US-China trade conflict, after the two economic superpowers failed to reach a trade deal on Friday. The game of brinkmanship between China and the US has put pressure on Asian markets, which opened lower on Monday, as the US holds its stance on imposing more tariffs on Chinese imports. "We are right where we want to be with China. Remember, they broke the deal with us and tried to renegotiate. We will be taking in tens of billions of dollars in tariffs from China. Buyers of product can make it themselves in the US (ideal), or buy it from nontariffed countries …” US President Donald Trump tweeted on Sunday. The Shanghai composite fell 1.21% on Monday morning and the Japanese Nikkei 225 was down 0.72%. Hong Kong markets are closed for a public holiday. The all share was up 0.32% to 56,959.7 points at 10.01am. The top 40 rose 0.3% Platinum miners added 0.83%, financial 0.39...
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