JSE could struggle as stimulus hopes contend with gloomy Asia data

📆 9/9/2019 8:26 AM
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Japan’s economy underperformed in the second quarter, while China’s exports to the US fell in August

karl gernetzkyDisappointing Asian data vied with hopes of fiscal and monetary stimulus on Monday morning, with little risk-on sentiment in evidence.

Japan’s economy underperformed in the second quarter. China’s exports to the US fell 16% year on year in August, underscoring the damage being inflicted by the ongoing trade conflict with the US.

The JSE could feel some pressure from Naspers on Monday, with Tencent’s share price down 0.64% in Hong Kong. Naspers owns 31.2% of the Chinese media giant. Consumer goods group AVI is expected to report that group revenue rose 1.2% for the year to end-June, but the company said operating profit has fallen.

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