Picture: MARTIN RHODES
Picture: MARTIN RHODES

The JSE was lower on Tuesday morning as Chinese stocks remained under pressure following disappointing economic data from China.

The country's producer price index fell 0.8% in August, its sharpest fall since August 2016.

Earlier, the Shanghai Composite was down 0.12% while Hong Kong's Hang Seng was flat and Japan's Nikkei 225 was up 0.35%.

In Europe, the FTSE 100 was down 0.23 %, France's CAC 40 0.39% and Germany's DAX 30 0.27%.

At 10.30am, the JSE had fallen 0.66% to 55,153.90 points and the top 40 was 0.58% lower. Banks were down 1.06% and platinum miners 3.04%.

Attacq was up 3.15% to R11.79 after it declared a dividend of 81.5c in the year to end-June, a 10.1% increase.

Rand Merchant Investment was down 1.58% to R117.63. It said on Tuesday that its headline earnings fell 7% to R3.8bn in the year to end-June.

Statistics SA is expected to release manufacturing production for July on Tuesday.

Correction: September 10 2019
This story has been corrected to reflect Rand Merchant Investment's results from Rand Merchant Bank.

mjoo@businesslive.co.za