The Indonesian Stock Exchange (BEI) Composite Stock Price INDEX (IHSG) on Tuesday (7/5) followingnoon closed lower, led by shares in the transportation and logistics sector.
JCI closed down 12.28 points or 0.17 percent to 7,123.60. Meanwhile, the group of 45 leading shares or the LQ45 index fell 8.27 points or 0.91 percent to 898.01.
Opening higher, the JCI moved into negative territory until the close of the first stock trading session. In the second session, JCI remained at home in the red zone until the close of stock trading.
“Asian exchanges are mixed (varied) due to positive and negative sentiment,” said the Pilarmas Investindo Sekuritas Research Team as reported by Between.
First, today the Australian Central Bank maintained its interest rate at 4.35 percent, as expected, but the Australian dollar slipped and the Australian stock market strengthened because policy makers were more hopeful of a cut in interest rates.
The dovish statement was supported by weaker-than-expected US jobs data last week and a statement from Fed Chair Jerome Powell who reiterated that the next move in interest rates would be lower.
Also read: Friday Morning JCI Strengthens Following Regional and Global Stock Exchanges
From Europe, policymakers are also preparing for an interest rate cut that may occur in June 2024.
From Asia, interest rates in Japan are not expected to move too far above zero this year, leaving a big gap with the rest of the world, where market players estimate Japan spent almost 60 billion US dollars to defend the Yen this week. Then.
Asian regional stock exchanges this followingnoon, including the Hang Seng index weakening 98.93 points or 0.53 percent to 18,479.36, the Shanghai index strengthening 7.02 points or 0.22 percent to 3,147.73, and the Strait Times index weakening 3 .14 points or 0.10 percent to 3,300.04.
Meanwhile, the Nikkei index (Japan) is on holiday to commemorate the country’s national holiday. (Z-6)
#JCI #Closed #Red #Zone