South African Markets - Factors to watch on April 9

JOHANNESBURG, April 9 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday.

SOUTH AFRICAN MARKETS

South Africa's rand strengthened on Tuesday as the country's two biggest political parties said they were not walking away from the coalition government and were open to further talks to try to resolve a bitter dispute over the budget.

The Johannesburg Stock Exchange's Top-40 index .JTOPI was last up about 2.3%. .JZAR/

GLOBAL MARKETS

Major stocks indexes sank in Asia on Wednesday after President Donald Trump's eye-watering 104% tariffs on China took effect, while a savage selloff in Treasuries sparked fears foreign funds were fleeing U.S. assets. MKTS/GLOB

WALL STREET

The S&P 500 sold off sharply on Tuesday to close below 5,000 points for the first time in almost a year after it reversed a strong morning rally, while investor hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a midnight deadline. .N

GOLD

Gold prices rose on Wednesday as the dollar weakened and as investors braced for U.S. President Donald Trump's tariffs to take effect, with most flocking to safe-haven gold for cover as global trade tensions escalate and fears of a recession mount. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

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Some of the main stories out in the South African press:

BUSINESS DAY

- GNU opens door to new allies in coalition shake-up

- Amplats inches closer to London listing

FIN 24

- ANC threatens DA with 'consequences', Zille says stick by the rules as GNU tensions grow