US-China trade war continues to put pressure on JSE
Markets in China and Hong Kong are taking strain on Friday, on concern that the US-China trade conflict will escalate further
The JSE pushed lower on Friday, amid risk-off trade on global markets, once again driven by fears over the US-China trade war. An executive order signed by US President Donald Trump aimed at banning Huawei equipment in the US took effect on Thursday, prompting threats of retaliation from China. There were also contradictory messages regarding the resumption of US-China trade negotiations, reported Dow Jones Newswires, with a Chinese official saying that negotiations had been “severely hampered” by higher tariffs imposed by the US last week. The all share avoided the losses of Chinese markets on Friday, but was faring slightly worse than European markets. At 10am the all share was down 0.69% to 56,149.3 points and the top 40 0.77%. Banks had lost 1.16% and industrials 0.87%. The Shanghai Composite had fallen 2.48%, while in Europe, the FTSE 100 was down 0.27%, the CAC 40 0.34% and the DAX 30 0.49%. Gold was flat at $1,285.89/oz while platinum was 0.77% lower at $826.85. Brent crude ...
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