Local retailers and Naspers are leading gains on the local market
The JSE was higher on Tuesday morning, with retailers and Naspers faring best, as the US-China trade war continued to steal investor focus.
Trump had said on Friday that he had not agreed to roll back tariffs on China, which prompted a sharp sell off of risk assets. Those had been boosted last week by hopes the two sides were closing in on formalising a partial deal reached in October. At 9.07am the JSE was up 0.72% to 56,581 points and the top 40 0.86%. Food and drug retailers had gained 1.27%, general retailers 1.05% and industrials 1%. Gold miners were down 0.94%.
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.
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 »
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 »
Rolfes censured by JSE for accounting errorsThe chemicals group replaced its CEO after material errors were found in its financial statements
Read more »
JSE could get a boost from Naspers amid fragile sentimentWeChat owner Tencent is strongly up in Hong Kong, where protests continue to threaten market appetite for risky assets
Read more »
Rand firms a little as market awaits Donald Trump’s speechAll eyes are on the US president, who could spell out the future direction of the US-China trade war, in a speech later on Tuesday
Read more »