The Indonesia stock market ended lower after a six-day winning streak, with the Jakarta Composite Index down 0.58% at 8,884.72. Financial shares, cement companies, and resource stocks had mixed performances. The global forecast for Asian markets is positive, driven by higher oil prices. On Wall Street, major averages opened lower but turned positive. Concerns about the Federal Reserve’s independence arose after subpoenas from the Department of Justice, prompting Fed Chair Jerome Powell to express concern about President Trump’s pressure to lower interest rates. Crude oil prices rose on the possibility of U.S. intervention in Iran.

Read more at Nasdaq: Rebound Anticipated For Indonesia Stock Market