Indonesia stock market drops 7.9% in five sessions, uncertain global market forecast

From Nasdaq: 2025-02-11 20:29:03

The Indonesia stock market has been on a downward trend, dropping over 7.9% in five sessions. The Jakarta Composite Index closed at 6,531.99 points, with financial, cement, telecom, and resource stocks all contributing to the losses. Global market forecast is uncertain due to interest rate concerns and fears of a trade war. The U.S. markets closed mixed, with the Dow up 0.28%, NASDAQ down 0.36%, and S&P 500 up 0.03%. Oil prices rose amid worries of supply shortages due to U.S. sanctions on Russian oil and a weaker dollar. Fed Chair Powell’s testimony on policy adjustments impacted trading on Wall Street.



Read more at Nasdaq: Indonesia Stock Market May End Losing Streak