Worry about inflation remains, despite Shanghai’s lockdown coming to an end and Liu He saying he supports the development of the tech sector
The JSE will open to mixed markets from Asia on Wednesday as concern about inflation persists despite Shanghai edging towards the end of its lockdown and Chinese Vice-Premier Liu He saying he supports the development of the tech sector after unprecedented crackdowns in 2020 and 2021.
In morning trade, Japan’s Nikkei was up 0.68%, the Shanghai Composite down 0.13% and the Hang Seng in the red by 0.11%.Meanwhile, there is growing uncertainty about the outlook for the global economy in 2022 as the war in Ukraine continues and high inflation persists.
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