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JSE faces risk-off trade on Wednesday amid trade-war uncertainty

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South Africa Headlines News

US President Donald Trump failed to reassure the market that the US-China impasse is improving

Bourse course: After being the only player in SA’s stock exchange arena, the JSE has company. Picture: REUTERS

Trump hit out at EU tariffs on Tuesday evening, labelling them “in many ways worse than China’s”, as markets wait to see whether the US will slap a tariff on EU automobiles. Asian markets were sharply lower, with Hong Kong’s Hang Seng down 1.76% and the Shanghai Composite falling 0.15% in morning trade.Gold was up 0.27% at $1,460/oz and platinum was flat at $871.34. Brent crude was 0.28% lower at $61.88 a barrel.

 

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