UK MPs reject Prime Minister Theresa May’s Brexit plan for the second time, sending Asian stocks lowerThe JSE will probably open lower on Wednesday after UK MPs shot down Prime Minister Theresa May’s Brexit plan for the second time, sending Asian stocks lower as uncertainty mounted.
Focus will now be on whether parliamentarians decide to go that route or ask for an extension to the break-up date.
Source: News Formal (newsformal.com)
Why should the JSE weaken - for UK investors having their assets in excellent companies operating in South Africa such as BushveldMin_Ltd is the perfect hedge against any local difficulties caused by any UK Brexit chaos. BMN
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