WeChat owner Tencent is strongly up in Hong Kong, where protests continue to threaten market appetite for risky assets
The JSE could find support from market heavyweight Naspers on Tuesday, with gains by Tencent offering some hope, despite a lacklustre performance on Asian markets.
Tencent was up 1.2% as of 6.20am SA time, though Asian markets remain beset by continuing political protests in Hong Kong. week of unrest and it is still unclear what can de-escalate the situation,” said National Australia Bank analyst Tapas Strickland“Nevertheless, for as long as Beijing gives Hong Kong latitude to deal with the protests, it is likely the unrest will only have an isolated impact on financial markets.
Gold was flat at $1,456.58/$ while platinum had added 0.52% to $879.60. Brent crude was 0.16% lower at $62.14 a barrel.Global focus remains on US-China trade developments, with attention on a speech by US President Donald Trump later.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: JSE tracks weaker international marketsGlobal markets fall as Hong Kong protests turn more violent, while a US-China trade deal still looks some way off
Read more »
MTN’s black empowerment scheme to list on JSE in NovemberMTN Zakhele Futhi, special purpose empowerment vehicle of Africa’s largest mobile operator, will list on the JSE on 25 November, the group said.
Read more »
JSE faces risk-off trade on Monday as load-shedding threat persistsThe US-China trade war and prospect of the resumption of load shedding may weigh on local risk assets on Monday morning
Read more »
Prosus says it needs 75% of Just Eat shareholders to approve takeoverNaspers’s newly listed internet arm Prosus is in a bidding war for UK-based online food delivery group Just Eat
Read more »
MTN’s black empowerment scheme to list on JSE in NovemberMTN Zakhele Futhi, special purpose empowerment vehicle of Africa’s largest mobile operator, will list on the JSE on 25 November, the group said.
Read more »
MARKET WRAP: JSE tracks weaker international marketsGlobal markets fall as Hong Kong protests turn more violent, while a US-China trade deal still looks some way off
Read more »