MARKET WRAP: JSE weaker amid Beijing’s Hong Kong plans and US-China tension

📆 22/05/2020 20:45:00
📰 BDliveSA

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Nigeria News News

The rand, which firmed to its best level in almost two months following a repo rate cut, gave back some of those gains on the day

The JSE tracked weaker global markets following reports on Friday suggesting Beijing plans to institute new security laws in Hong Kong, and continued US-China hostility.

Beijing’s plans to tighten its grip on Hong Kong spurred outrage in the city and internationally. Opposition legislators warned that Hong Kong’s status as an international financial centre was in jeopardy as China announced an intention to “establish sound legal systems and enforcement mechanisms for safeguarding national security”.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Asian Stocks Drop as Hong Kong Shares Lead Losses: Markets WrapAsian stocks slipped, with the bulk of losses coming in Hong Kong, as China announced plans to impose a national security law on the city, which threatened to further escalate tension between the U.S. and China. Treasuries edged higher.
Source: dailymaverick - 🏆 3. / 84 Read more »

Momentum warns of tough outlook as market volatility cost it R1.2bnThe effects of Covid-19 on global financial markets have pushed the group into a third-quarter loss
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: How market volatility knocked Ninety OneNinety One CEO Hendrik du Toit talks to Business Day TV about the company’s maiden results
Source: BDliveSA - 🏆 12. / 63 Read more »