JSE climbs as Asian markets improve amid easing trade-war risk
Naspers gained 1.79% as subsidiary Tencent was up about 1.3% earlier on Wednesday
The JSE opened higher on Wednesday, tracking Asian markets, amid improving appetite for risk. This followed US President Donald Trump's reassurance that the US and China woudl soon strike a trade deal. The tariff war between the two superpowers has escalated after the Trump administration imposed more tariffs on Chinese imports worth $200bn to 25%, with China retaliating on Monday by raising tariffs on $60bn worth of US imports. On Tuesday, Trump said the two countries would reach a deal sooner than expected “When the time is right we will make a deal with China. My respect and friendship with President Xi is unlimited but, as I have told him many times before, this must be a great deal for the US or it just doesn’t make any sense,” he tweeted. The tit-for-tat between US and China has taken a toll on Asian markets which have since shown slight improvement as hopes for a deal increase. At 10am, the Shanghai Composite had risen 1.91%, the Hong Kong Hang Seng was up 0.68% and Japanes...
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