The Indonesia stock market rebounded slightly on Monday, with the Jakarta Composite Index gaining 0.87 percent to close at 7,926.91. Financials, cement companies, and resource stocks contributed to the positive performance. However, global markets are expected to open lower, with profit-taking likely. In the US, major averages closed in the red, with the Dow dropping 0.77 percent. Federal Reserve Chair Jerome Powell’s remarks hint at potential interest rate cuts next month. Additionally, new home sales in the US decreased in August. Crude oil prices surged on concerns over extended Western sanctions on Russian oil exports, with West Texas Intermediate crude reaching $64.86 per barrel.

Read more at Nasdaq: Indonesia Bourse May Hand Back Monday’s Gains