Asian shares slump before summit, yen climbs

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Sydney - Asian equities slipped as investors awaited more clues on US interest rates and economic growth, ahead of a meeting between Donald Trump and China’s Xi Jinping. Stocks in Shanghai rallied and the yen strengthened.

Japanese shares dropped as the yen climbed for a fourth day. Stocks in Shanghai and Taiwan rallied after markets reopened after a holiday. South Africa’s rand steadied after a pronounced slump.

The Aussie recouped some of its declines triggered by a warning from the central bank that regulators are prepared to consider further measures to tame runaway house-price growth. Oil extended Tuesday’s advance.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.28
+0.1%
Rand - Pound
19.84
-0.5%
Rand - Euro
17.00
-0.3%
Rand - Aus dollar
10.74
-0.4%
Rand - Yen
0.13
+0.1%
Gold
1,778.15
+0.8%
Silver
25.96
+0.6%
Palladium
2,505.50
+1.5%
Platinum
1,039.00
+0.1%
Brent Crude
73.51
+0.6%
Top 40
59,638
+0.2%
All Share
65,659
+0.0%
Resource 10
61,324
+0.6%
Industrial 25
88,322
+0.4%
Financial 15
12,867
-1.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Should government have assigned a majority shareholding in SAA to the private sector?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, It's a good decision
65% - 221 votes
Not a good move
10% - 33 votes
Too early to tell
25% - 86 votes
Vote