JSE climbs as Asian markets improve amid easing trade-war risk

The JSE opened higher on Wednesday, tracking Asian markets, amid improving appetite for risk. This followed US President Donald Trump's reassurance that the US and China woudl soon strike a trade deal.

The tit-for-tat between US and China has taken a toll on Asian markets which have since shown slight improvement as hopes for a deal increase. “Despite the advance, volumes have remained light suggesting that the bounce lacks conviction, which is hardly surprising given that Trump is preparing to slap tariffs on a further $300bn of Chinese imports,” said London Capital Group analyst Jasper Lawler.The all share was up 0.12% at 10am to 56,300.9 points with industrials leading gains by 0.46%. The top 40 rose 0.15%. Banks were down 0.36%, financials 0.18% and resources 0.22%.

Balwin Properties climbed 6.9% to R3.10 after it reported revenue growth of 6% for its results for the year ended February.

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