JSE opens lower as global markets await next step in trade war
The dispute between China and the US has dampened sentiment, as traders anxiously await the next development
The JSE opened slightly lower on Wednesday, with indices mixed, as global markets wait for a fresh catalyst in the US-China trade conflict. The dispute between China and the US has dampened sentiment, as traders anxiously await the next development. “Traders are waiting for the next chapter in the unfolding trade drama. Sentiment remains fragile as investors digest the changing face of the trade dispute from broad sweeping tariffs to direct action against single Chinese companies,” said London Capital Group analyst Jasper Lawler. Some investors are clinging to the hope that a US-China trade deal can still be achieved, most likely at the G-20 [Group of 20] meeting at the end of June.”
Podcast |Business Day Spotlight - Huawei vows it will not crack under pressure..
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.