JSE faces mostly higher Asian markets on Tuesday amid focus on sanction moves

Claims of Russian atrocities prompts speculation that further sanctions are on the way

The JSE looks set to contend with higher Asian, Asian markets on Tuesday morning, with focus still on the war on Ukraine and the prospects of further sanctions against Russia.

Unless the sanctions, expected to be discussed on Wednesday, target energy supplies to Europe or firms from other countries doing business with Russia, the marginal economic impact will be limited, said SPI Asset Management managing partner Stephen Innes in a note. Japan’s Nikkei was flat, while Australia’s All Ordinaries index was up 0.56% and South Korea’s Kospi 0.66%. Chinese exchanges are closed for the Qingming festival.The rand was flat at R14.59/$, having gained 0.5% on Monday

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