Business · Markets · 2 hrs ago

Indonesia’s Jakarta Composite Index opens 0.26% higher

Indonesia’s Jakarta Composite Index opens 0.26% higher

Indonesia’s Jakarta Composite Index opened Monday at 6,109.32, up 0.26% from its previous level.

It rose further in early trading, reaching 6,125.98, or 0.53% higher, by 9 a.m.

local time.

Investors this week are watching inflation figures from the United States and China, as well as China’s trade balance.

An International Monetary Fund meeting in Bangkok is also on the calendar, with senior officials including Federal Reserve Chair Kevin Warsh due to speak.

Markets are also weighing renewed tension in the Middle East after US President Donald Trump said he was considering joining Saudi Arabia in fighting Houthi forces in Yemen.

Higher energy prices and borrowing costs could squeeze company profits and household spending.

Investors will look to third-quarter earnings and company outlooks for clues about how businesses are coping; the story gives no further market outlook for Indonesia’s index.

Sources

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