Risk-off sentiment surges on global markets
The JSE could open lower on Tuesday, adding to Monday’s 0.7% fall, as risk-off sentiment engulfs global equity markets after the stakes were raised in the trade dispute between the US and China.
Chinese technology and gaming giant Tencent was 2.3% down in Hong Kong, while BHP Group lost 1% in Australia. Rebosis Property Fund is due to report half-year numbers. The landlord has warned that its distributable income in the year ending August 2019 was expected to be 52% to 62% lower than before.Meanwhile, Statistics SA is scheduled to release a labour-force survey for the first quarter of 2019 before noon.
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