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JSE on track for first day of losses in a week as virus fears persist

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London Capital Group head of research Jasper Lalwer says news China will grant more US tariff exemptions may cap negative sentiment

London Capital Group head of research Jasper Lawler says news China will grant more US tariff exemptions may cap negative sentimentThe JSE was on track for its first day of losses in a week on Tuesday morning, tracking global markets as concern about the coronavirus outbreak weighed on investor sentiment.

“The negative sentiment might be capped by news China will grant more US tariff exemptions. There had been some suggestion that China should hold back from its US agricultural purchases agreed under the trade deal because of the coronavirus. Following through on the tariff exemptions will downplay worries that China won’t stick to its phase one commitments,” London Capital Group head of research Jasper Lawler said.

 

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