Hope that China will ease Covid-19 restrictions boosts JSE

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But ‘if literally one case appears again [in Shanghai], any relief rally in the markets could disappear in a puff of smoke’

The JSE was firmer on Tuesday morning, along with its global peers as markets rose on hopes that China would dial back its Covid-19 curbs.

Hopes that the Shanghai lockdowns will ease as the city recorded its third day of no Covid-19 cases outside quarantine facilities, along with prospects of supply-chain disruptions easing, lifted sentiment...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: Financial Digest (financialdigest.net)

 

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