The JSE fell sharply on Monday, weighed down by risk-off trade on global markets, with local losses once again led by market heavyweight Naspers. Naspers fell 3.29% to R3,210, tracking losses in Hong Kong-listed Tencent, as investors shied away from technology stocks. Just days after US president Donald Trump signed an executive order to blacklist Huawei from the US market, Google suspended technology co-operation with the telecoms company, further escalating tension between the US and China. Investors now fear that the trade conflict will get worse before it gets better. China is unlikely to take Google’s suspension of business with Huawei lying down, London Capital Group analyst Jasper Lawler said. The turmoil on the JSE did not affect the rand, however, which was 0.36% firmer at R14.3561/$ as the share market closed. The all share lost 1.01% to 55,617 points and the top 40 fell 1.06%. Platinums fell 2.07%, industrials 1.67% and general retailers 0.85%. Banks added 0.34% and gold ...

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