JSE faces mixed Asian markets on Wednesday

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US stocks were lower overnight, as the hope of an economic rebound competes with surging Covid-19 cases

The JSE faces another day of mixed Asian markets on Wednesday, but may get a boost from a stronger Tencent, with the hope of global economic resilience contending with rising Covid-19 numbers.

“The resurgence in infections continues to weigh on markets, while governments try to find a balance between new restrictions and keeping economies functioning,” Peregrine Treasury Solutions executive director Bianca Botes said in a note.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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