JSE in for uphill battle despite US rally as Tencent plunges
Tech stocks dragged the Hang Seng down, including the Chinese stock plunging 8.33% on Monday morning
24 October 2022 – 07:37
The JSE is set for a tough start to the week despite a rally on US markets on Friday as Tencent, which influences the JSE via Naspers, sank on Monday morning.
The Nikkei in Japan accelerated 0.62%, the Hang Seng in Hong Kong dropped 4.99% and the Shanghai composite in mainland China retreated 0.89%. Year to date, the Hang Seng is down more than a third (33.83%), the Shanghai composite 17.09% and the Nikkei 7.66%…
Source: businesslive.co.za
