JSE faces mixed Asian markets as Tencent is granted new licences

The JSE will open to mixed Asian markets on Friday, but might be lifted by China’s gaming regulator granting new licences to Tencent — the world’s largest gaming company which influences the JSE via Naspers and Prosus — for the first time in a year and a half.

The Hang Seng in Hong Kong and Nikkei in Japan were up 0.56% and 0.17%, respectively, while the Shanghai composite in mainland China retreated 0.11%. Year to date, the Hang Seng is down 22.03%, the Shanghai composite 14.33% and the Nikkei 4.52%…

Source: businesslive.co.za