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JOHANNESBURG - The Johannesburg Stock Exchange (JSE) was firmer last Tuesday morning, along with its global peers as markets rose on hopes that China would dial back its COVID-19 curbs.

Hopes that the Shanghai lockdowns will ease as the city recorded its third day of no COVID-19 cases outside quarantine facilities, along with prospects of supply-chain disruptions easing, lifted sentiment...

Asian shares advanced last Tuesday, led by a jump in technology majors, as hopes grow for an easing of China’s unprecedented regulatory crackdown on its once-freewheeling tech sector.

Milestone

Market sentiment has also been bolstered as Shanghai achieved the long-awaited milestone of three straight days with no new COVID-19 cases outside quarantine zones, which could lead to the beginning of the lifting of restrictions. European markets were set for a higher open with the pan-region Euro Stoxx 50 futures up 0.85 per cent, German DAX futures rising 0.87 per cent and FTSE futures gaining 0.45 per cent. US stock fu

Brazil, one of its top growth prospects, and a new supply of oil from lower carbon operations. First oil is tures, the S&P 500 e-minis, were up 0.42 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.5 per cent last Tuesday, but the index is still down 6.4 per cent so far this month. US stocks ended the previous session with mild losses.

In Tokyo, the Nikkei rose 0.33 per cent in afternoon trade, while in Australia the S&P/ASX200 index gained 0.25 per cent.

Mainland China’s CSI300 index gained 0.95 per cent, while Hong Kong’s Hang Seng was 2.35 per cent higher, as tech firms listed in the city jumped more than four per cent on hopes of Beijing’s crackdown on the sector being relaxed. Chinese Vice-Premier Liu He is scheduled to speak at a Tuesday meeting with tech executives that has been convened by the country’s top political consultative body to promote the development of the digital economy, people familiar with the matter said. The meeting is being closely watched for remarks by Liu and others for clues as to how far Chinese authorities will go in easing a regulatory crackdown since late 2020 on the previously high-flying tech sector.

QUOTES:

“Strength and growth come only through continuous effort and struggle.”

– Napoleon Hil

“Everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it.”

– Andy Rooney

Index

due in 2024 from the venture’s 220 000 barrel per day (bpd) production vessel. Exxon referred questions to

QUOTES:

“Mistakes are the growing pains of wisdom.”

– William George Jordan

“The greatest thing in this world is not so much where we stand

– Anaïs Nin