Business · Markets · 2 hrs ago

Indonesia’s main stock index opens 0.58% higher

Indonesia’s main stock index opens 0.58% higher

Indonesia’s IHSG stock index opened 0.58% higher on Tuesday at 5,126.53.

The market was watching several events at home and abroad that could affect stocks and the rupiah.

Oil prices fell more than 7% on Monday as hopes grew for talks to end the US-Israel war with Iran.

Lower oil prices may help Indonesia, a net oil importer, by easing pressure on public finances and inflation.

US midterm elections also weighed on market sentiment, as Democrats sought control of Congress.

Investors were also awaiting a meeting and briefing from Indonesia’s Financial System Stability Committee, as well as inflation data; the committee was expected to discuss the financial system and market conditions.

China’s manufacturing activity continued to expand, though its October measure slipped slightly from September.

1 source

Related