Trump idea dump boosts Naspers – With insights from The Wall Street Journal
South African investors can once more celebrate the result of the US presidential election after one of the losing incumbent's pet ideas was yesterday thrown on the scrap heap. As a direct consequence, the JSE's biggest stock, Naspers, jumped 4%. Donald Trump had proposed banning Americans from investing into a range of Chinese companies including Tencent, in which Naspers is the biggest shareholder. With that idea turfed out, the Chinese internet giant's stock surged, pushing Naspers shares (and those of its Amsterdam-listed subsidiary Prosus) close to all time highs. Here's the good news from our partners at The Wall Street Journal. – Alec Hogg
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