From Nasdaq:

The Indonesia stock market appears positioned for profit taking on Thursday after three consecutive sessions of gains. The Jakarta Composite Index finished Wednesday 0.22 percent higher, with mixed performances from cement and resource companies. The global forecast was negative due to a deteriorating outlook for interest rate cuts. The DOW, NASDAQ, and S&P 500 all fell significantly after the Federal Reserve’s rate decision and its statement, ultimately contributing to a wave of selling in the markets. Additionally, private sector job growth in the U.S. slowed more than expected in January. Oil prices dropped almost 3% due to U.S. crude inventories rising and concerns about the Chinese manufacturing data showing another contraction.



Read more: Indonesia Bourse Due For Consolidation On Thursday