US Shares Rally after US Delays Some Chinese Tariffs

US Shares Rally after US Delays Some Chinese Tariffs

Adriaan Pask  | Aug 15, 2019 07:58

South Africa

Gold miners pulled the JSE down on Tuesday as global risk appetite improved on news that the US will lift some tariffs on Chinese goods. The local bourse fell 0.32%.

United States

Wall Street rose on Tuesday after the US announced a delay on select Chinese import tariffs, bringing buyers back to the equity market in a broad-based rally. Just after the JSE closed the Dow climbed to 1.55%.


European shares recovered yesterday after Washington’s move to delay tariffs on some Chinese goods provided a lift to global sentiment. After the JSE closed the FTSE 100 had gained 0.39%, the CAC 40 1.35%, and the DAX 30 was up by 0.86%.

Hong Kong

Hong Kong shares dropped on Tuesday as escalating anti-government protests left the city’s airport in a gridlock on Monday. At the close of trade, the Hang Seng index was down 2.10%.


Japanese shares fell on Tuesday, hurt by fresh turmoil in Hong Kong and a firmer yen that hit cyclical sectors and exporters. The Nikkei share average fell 1.11%.


The rand was weaker on Tuesday afternoon as investors shied away from risk assets in the wake of escalating political protests in Hong Kong. At 20h30, a dollar traded at R15.14.

Precious metals

Gold reached highs on Tuesday as unrest in Hong Kong and a rout in the Argentine peso drove investors into havens such as bullion. At 20h30, an ounce of spot gold traded at $1 501.23.


Oil prices fell on Tuesday on lingering concerns over global demand and rising US production, though expectations for major producers to further curtail output offered support. A barrel of Brent crude traded for $58.37 at 20h30.

Read full article

PSG Wealth Daily Investment Update, 14 August 2019

Read full article

Adriaan Pask

Related Articles

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (UK) English (India) English (Canada) English (Australia) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 中文 香港 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Are you sure you want to sign out?
Saving Changes