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MARKET WRAP: JSE weakens as US-China tensions flare

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Global stocks under pressure as US regulator revokes China Telecom’s authority, stoking fears of an escalating trade row

The JSE lost ground on Wednesday as investors’ concerns about rising US-China tensions outweighed strong US corporate earnings.

Market globally are concerned about mounting tension between America and China after the US Federal Communications Commission revoked China Telecom’s authority to operate in the US, designating the company as a national security threat. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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