Indonesia Bourse May Give Up Support At 7,200 Points

RTTNews | 104 gün önce
Indonesia Bourse May Give Up Support At 7,200 Points

(RTTNews) - The Indonesia stock market has finished lower in three straight sessions, stumbling more than 100 points or 1.4 percent along the way. The Jakarta Composite Index now sits just beneath the 7,225-point plateau and it's looking at another soft start again on Thursday.

The global forecast for the Asian markets suggests consolidation, especially among the technology and semiconductor companies. The European and U.S. markets were mostly lower and the Asian bourses also figure to follow suit.

The JCI finished barely higher on Wednesday following mixed performances from the cement stocks and resource companies, while the financials offered support.

For the day, the index eased 0.08 points or 0.00 percent to finish at 7,224.22 after trading between 7,207.58 and 7,265.09.

Among the actives, Bank Mandiri rallied 1.57 percent, while Bank Negara Indonesia added 0.40 percent, Bank Central Asia retreated 1.51 percent, Bank Rakyat Indonesia collected 0.63 percent, Semen Indonesia rose 0.25 percent, Indofood Sukses Makmur strengthened 1.68 percent, Astra International jumped 1.83 percent, Vale Indonesia improved 1.58 percent, Jasa Marga tumbled 2.35 percent and United Tractors, Indocement and Bank Danamon Indonesia were unchanged.

The lead from Wall Street is a study in contrasts as the Dow opened higher and stayed that way, hitting a fresh record high - while the NASDAQ and S&P remained mired in the red.

The Dow soared 243.60 points or 0.59 percent to finish at 41,198.08, while the NASDAQ plummeted 512.42 points or 2.77 percent to close at 17.996.92 and the S&P 500 tumbled 78.93 points or 1.39 percent to end at 5,588.27.

Wall Street was led lower by semiconductor stocks, which plummeted on reports that President Joe Biden's administration is considering tougher trade rules against companies in its chip crackdown on China.

Negative sentiment was also generated after former President Donald Trump suggested Taiwan should pay the U.S. for defense, claiming the country took "about 100 percent" of America's chip business.

In economic news, the Commerce Department noted a significant rebound by new residential construction and building permits in the U.S. in June. A separate report released by the Federal Reserve showed industrial production in the U.S. increased more than expected last month.

Oil prices rose sharply on Wednesday after data showed an unexpected sharp drop in U.S. crude inventories last week, while a weaker dollar also provided support. West Texas Intermediate Crude oil futures for August rallied $2.09 or 2.6 percent at $82.85 a barrel.

read more
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,300 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 4s 55 dakika önce
Steady Start Eyed For Thai Stock Market

Steady Start Eyed For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, slumping more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,450-point plateau although it may find traction on Wednesday.
RTTNews | 5s 20 dakika önce
Indonesia Stock Market Due For Support On Wednesday

Indonesia Stock Market Due For Support On Wednesday

The Indonesia stock market has finished lower in five straight sessions, dropping almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just above the 7,600-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 5s 50 dakika önce
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.
RTTNews | 5s 54 dakika önce
Rally May Stall For Hong Kong Stock Market

Rally May Stall For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, gathering more than 200 points or 0.9 percent along the way. The Hang Seng Index now sits just above the 20,700-point plateau although it may be stuck in neutral on Wednesday.
RTTNews | 6s 5 dakika önce
China Stock Market May Reverse Tuesday's Losses

China Stock Market May Reverse Tuesday's Losses

The China stock market on Tuesday snapped the two-day winning streak in which it had climbed more than 40 points or 1.2 percent. The Shanghai Composite now sits just above the 3,285-point plateau although it may bounce higher again on Wednesday.
RTTNews | 6s 20 dakika önce
Australia Inflation Adds 0.2% On Quarter In Q3

Australia Inflation Adds 0.2% On Quarter In Q3

Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
RTTNews | 6s 39 dakika önce