Indonesian Market Recap
JCI closed lower on Friday as the mining sector was sluggish due to the impact of the U.S. decision to implement steel and aluminium import tariff. Top Losers: Mining (-2.68%), Agri (-1.30%), Property (-1.25%).
Today’s Outlook: China’s Economic Outlook
We estimate JCI to lower with the support range of 6545-6555 and resistance range of 6607-6615. From global, the negative sentiment deriving from Trump’s decision on import tariff of steel and aluminum has declined global markets. Today investors will digest China’s 2018 economic outlook to be reported by PM Li Keqiang. Investors need to digest China’ response relating to the trade war launched by the U.S.
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