JSE may find support from risk-on trade as Naspers weighting drops

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Positive Asian markets and continued interest in the rand should support the local bourse a little, as Naspers’s new unit lists in Europe

The JSE should find some support from a positive stance towards risk assets on Wednesday morning, with Asian markets higher as investors consider forthcoming US-China trade talks.due to list its internet assets in Amsterdam under new subsidiary Prosus, later on Wednesday. This will reduce the JSE weighting of Africa’s largest company by market capitalisation.

Asian markets were positive on Wednesday. High-level talks between the US and China are scheduled for October, while equity markets have also found support from the expectation that large economies are gearing up stimulus packages to address flagging growth rates.

 

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