IDX rises as Asian regional markets correct on Thursday morning

On the other hand, the US stock closed higher on Wednesday as concern over recession eased. The US market gave the IDX index ample room to strengthen again in share trading today.

Jakarta (ANTARA) – The composite share price index of the Indonesia Stock Exchange (IDX) strengthened 6.54 points, or 0.1 percent, to reach 6,288.19 on Thursday morning, while Asian regional markets were on a correction mode.

The index of the 45 most liquid stocks, or LQ45, increased 1.62 points, or 0.17 percent, to 981.75.

External factors continued to affect the stock market, while domestic positive sentiments were limited, Valbury Sekuritas Chief Researcher Alfiansyah remarked in Jakarta on Thursday.

“On the other hand, the US stock closed higher on Wednesday as concern over recession eased. The US market gave the IDX index ample room to strengthen again during share trading today,” he stated.

He remarked that investors will continue to monitor the weakening global economy following signs of global economic crisis.

Almost all nations worldwide are bearing witness to an economic slowdown chiefly owing to the US-China trade war that caused the global trade to deflate.

The trade war has hit Singapore, with the country experiencing an economic recession. Geopolitically, Singapore is close to both the US and China, he stated.

Asian regional markets that weakened on Thursday morning comprised Nikkei, plunging 87.87 points, or 0.43 percent, to 20,391.55; Hang Seng weakening 136.44 points, or 0.53 percent, to 25,479.04; and Straits Times decreasing 8.91 points, or 0.29 percent, to 3,047.56.

Source: ANTARA News