JSE Faces Subdued Asian Markets Today

The Johannesburg Stock Exchange faces subdued Asian markets this morning, with investors considering US-China tensions and whether last week’s tech sell-off will continue.

Tencent, which influences the JSE via Naspers, was down 0.4%. Locally, focus is on South Africa’s second-quarter GDP numbers on Tuesday that are expected to show the dire effects of the Covid-19 pandemic. Today, consumer goods group AVI is expected to report a mixed effect from Covid-19 on its various businesses for its year to end-June.

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