Bourse expected to head lower following weaker trading in Asia
The JSE is likely to head lower on Tuesday, given the weaker trading picture in Asia, where anxiety over regulatory overhang has come to came to the fore.
Shares of Tencent, which has popular online games, fell as much as 11% in Hong Kong. Over the past week, the Chinese authorities stripped Tencent of exclusive music-streaming rights. The JSE is likely to feel the pinch through Naspers, which has a 29% interest in Tencent via its global internet arm, Prosus.
The JSE all-share is near a record high, though its performance has been disparate, driven by mining stocks and big industrial stocks, save for Naspers.
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