JSE opens lower as US homes in on Huawei
Google has suspended business with Huawei, further escalating tension between the US and China
The JSE opened lower on Monday morning following the Asian markets after the US intensified its crackdown on Chinese telecom giant Huawei. Just days after US president Donald Trump signed an executive order to blacklist Huawei from the US market, Google suspended business with the telecoms company, further escalating tension between the US and China. Google suspended all business with Huawei that requires the transfer of hardware, software and technical services excluding products available via open-source licensing, Reuters reported. Earlier, the Shanghai composite was down 0.41% and the Hong Kong Hang Seng 0.62%. The Japanese Nikkei was up 0.89%. The FTSE 100 was flat%, CAC 40 down 0.2% and DAX 30 0.12%.At 10.01am the all share dropped 0.44% to 55,934 points with industrials down 1% and general retailers 0.32% off. Gold mining was up 1.1%. The top 40 fell 0.55%. Pioneer Foods slumped 8.66% to R75.87. On Monday, the company reported that its adjusted headline earnings fell 15% f...
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