US President Donald Trump lifted tariffs on Chinese imports as expected on Friday, but some optimism remains that a deal will be reached soon
Trade conflict between the US and China overshadowed the trickling in of SA's national election results on Friday, with the local bourse tracking global markets to recover from Thursday's sharp losses.
The threat of the increase in tariffs had put pressure on global equities on Thursday, with the JSE then falling 2.67%, to a six-week low. The rand was holding steady amid the expectations that the results would be market neutral to mildly positive, Rand Merchant Bank analyst Mpho Tsebe said. The all share had gained 1.55% to 57,369.6 points and the top 40 1.65%. Financials had risen 2.72%, general retailers 2.54% and food and drug retailers 2.06%. Gold miners had given up 1.63%.
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