The Indonesia stock market bounced higher on Friday, hitting a fresh record closing high just above the 8,050-point mark. The global forecast for the Asian markets remains mixed to higher, with optimism over interest rates. The JCI ended higher with gains from food and telecom stocks, despite softness in financials. Bank CIMB Niaga, Bank Mandiri, and Bank Danamon Indonesia saw declines. Wall Street also saw a positive day, with record closing highs for major averages. The NASDAQ surged 2.2 percent for the week, driven by optimism about lower interest rates. Crude oil prices dropped on Friday.
Read more at Nasdaq: Indonesia Bourse May Set Fresh Record High
