JSE faces mixed Asian markets as Fed rate hikes loom

The JSE will open to mixed Asian markets, which digested lower US markets overnight as the possibility of more aggressive interest-rate hikes from the US Federal Reserve looms despite China easing strict Covid-19 controls.

The Hang Seng in Hong Kong edged up 0.15%, while the Shanghai composite in mainland China decreased by 0.40% and the Nikkei in Japan 0.57%. Year to date, the Hang Seng has lost 16.35%, the Shanghai composite 11.91% and the Nikkei 5.37%…