Indonesia Market Recap

IHSG melemah kemarin terimbas oleh penurunan bursa global setelah perang dagang AS-China kembali memanas. Top Losers : Mining (-2.14%), Finance (-1.79%), Miscellaneous Industries (-1.35%).

Today’s Outlook: Trump’s New Economic Adviser Sooths Markets

We estimate JCI to rally with the support range of 6117-6130 and resistance range of 6195-6213. From the global outlook, a positive sentiment comes from the U.S.’s new economic adviser Larry Kudlow’s clam-making statement. He stated that the import tariff is a strategy accelerating higher economic growth; Meanwhile, from domestic outlook, JCI tumbled yesterday; Meanwhile, from domestic outlook, JCI tumbled yesterday; still, foreign net sell settled at the minimum level.

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