The JSE could be boosted by slightly improved risk sentiment on Wednesday after US President Donald Trump sought to reassure markets that a trade dispute with China could still be resolved. An expected post-election rally of SA’s main bourse has so far failed to materialise this week after trade talks between the world’s two largest economies broke down, denting investor appetite for risk. China retaliated to higher tariffs on exports to the US, sparking concerns about global economic growth. But the S&P 500 Index gained 0.8% overnight after Trump said the US was still in talks with China and “I think it’s going to turn out extremely well”. Hong Kong’s Hang Seng Index was 0.7% up on Wednesday, while the Shanghai Composite added 1.1%. Stocks rose in Japan, Korea and Australia. Chinese technology and gaming giant Tencent rallied 1.2% in Hong Kong ahead of an earnings report, suggesting a positive start for major shareholder and JSE-heavyweight Naspers. BHP Group was 1.8% up in Austral...
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.