(RTTNews) – Indonesia’s inventory market ended up rising in 8 direct sessions, emerging nearly 250 issues or 5% along the way. Jakarta’s composite index is now just above the 5,175-point plateau, although it is scheduled for consolidation on Thursday.
Global forecasts for Asian markets are negative for higher coronavirus and weakened optimism for recovery. European and US markets fell and Asian stock markets are expected to open in the same way.
JCI ended up rising on Wednesday, as massive gains in resource inventories were mitigated through weakness in cement companies.
For the day, the index rose 43. 53 points, or 0. 85%, to 5,176. 10 after trading between 5,125. 04 and 5,177. 92.
Wall Street’s advantage is weak, as stocks fell more frequently on Wednesday, extending the losses of the previous session.
The Dow Jones lost 165. 81 points, or 0. 58%, to finish in 28514. 00, while the NASDAQ lost 95. 17 points, or 0. 80%, to end in 11768. 73 and S
Weakness on Wall Street follows comments from Treasury Secretary Steven Mnuchin, who countered recent optimism about a new stimulus bill. He said it would be difficult to do something about a new stimulus bill before the election.
A negative reaction to the latest earnings news also played a role, with Bank of America (BAC) shares falling sharply after the money giant posted better-than-expected third-quarter effects but no revenue. Wells Fargo (WFC) and UnitedHealth (UNH) also played a key role.
Closer to home, Indonesia will see the effects of the second quarter for its business confidence index later today, as well as The September figures for imports, exports and industry balance. The Business Confidence Index scored 102. 90 in the first quarter.
Imports are expected to fall by 22. 4% year-on-year after falling by 24. 19% in August. Exports are said to decline by 7. 2% in line with the year after falling by 8. 36% last month. The industry surplus is set at $1. 98 billion, above $2. 33 billion a month earlier.