Indonesia stock market sees gains, but trade war concerns may stall rally

From Nasdaq: 2025-04-21 21:30:00

The Indonesia stock market saw gains for two consecutive sessions, climbing almost 50 points. The Jakarta Composite Index is just below the 6,450-point mark. However, concerns about a trade war may impact trading on Tuesday. On Monday, the index rose slightly, led by resource stocks. Bank stocks had mixed performances, with some gaining and others declining. Wall Street experienced a sharp decline, with the Dow, NASDAQ, and S&P 500 all finishing lower. The sell-off was fueled by worries about a global trade war and threats of retaliation from China. Crude oil prices also fell due to progress in U.S.-Iran negotiations and trade war concerns.



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