SA’s flagship bourse could be in for more pain on Thursday as stock markets globally retreat on concerns that the US and China are now less likely to resolve a bruising trade dispute. After US President Donald Trump imposed a ban on Shenzhen-based technology company Huawei, media reports emerged on Wednesday that similar sanctions on Chinese video surveillance group Hikvision are in the pipeline. US stocks closed lower overnight, and Asian stocks were mostly lower on Thursday, with technology companies leading the declines. Hong Kong’s Hang Seng Index was 1.3% down, the Shanghai Composite lost 0.8%, Japan’s Nikkei 225 fell 0.6% and Australia’s main benchmark edged 0.2% lower.
Podcast | Business Day Spotlight - Huawei vows it will not crack under pressure..
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