Indonesian Market Recap
JCI closed lower yesterday amid the global jitters triggered by the turmoil of Trump’s administration. Top Losers: Mining (-2.01%), Miscellaneous Industries (-1.37%), Property (-1.32%).

Today’s Outlook: Trade War between China and the U.S.
Today we estimate JCI to move lower with the support range of 6314-6321 and resistance range 6409-6412. The release of the U.S. retail sales data indicating a decline should constitute as a positive sentiment. However, the global makets’ concerns about the heated potential for trade war between the U.S. and China constitutes as a current negative sentiment. From domestic outlook, investors need to digest the release of Janauary’s trade balance.

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