JSE set for mixed start on Monday as Tencent falls in Hong Kong
SA’s main stock exchange may open mixed as simmering trade tensions keep risk appetite in check
SA’s main stock exchange could open mixed on Monday as simmering trade tensions keep risk appetite in check. Google has barred Chinese phone maker Huawei from accessing updates to its Android operating system and its apps, according to media reports. This follows an order from US President Donald Trump that American firms cannot do business with Huawei unless they are granted special permission. The move came after trade talks between the world’s two largest economies appeared to break down. Stocks in the Asia-Pacific were mixed on Monday. China’s Shanghai Composite index fell 0.6% and Hong Kong’s Hang Seng index lost 0.4%. But Japan’s Nikkei 225 gained 0.4% and Korea’s Kospi rose 0.5%. Chinese technology and gaming giant Tencent fell as much as 2.5% in Hong Kong, suggesting a weak opening for major shareholder and JSE-heavyweight Naspers. Australia’s main benchmark was 1.7% up after Prime Minister Scott Morrison secured a majority government through a coalition, despite forecasts ...
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