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JSE could follow Asian stocks lower on Wednesday

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Global markets have shifted their attention to a rate decision by the Federal Reserve and tense US-China trade talks

A member of the media looks at a computer monitor at the Korea Exchange in Seoul, South Korea. Picture: BLOOMBERG/JEAN CHUNG

The Hang Seng Index was 0.5% lower at the lunch break, with Tencent down the same amount. The Chinese technology giant, 31% owned by Naspers, is due to report annual results and a decision on dividends on Thursday.Australia’s main benchmark was 0.3% down, with JSE-heavyweight BHP Group 1% lower in that market.

Meanwhile, Bloomberg reported that China was pushing back against US demands in trade talks between the world’s two largest economies.

 

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