US stock markets closed lower at the close of trading (10/05); led by Nasdaq which fell 2.55%. Concerns about accelerating inflation have put pressure on USD and technology sector stocks. Meanwhile, oil prices also experienced a correction after earlier strengthening after cyber attacks on distribution pipelines.
From the domestic stock exchange, JCI managed to strengthen, supported by a foreign net buy of IDT 283 billion. Investors responded positively to the release of the Consumer Confidence Index (IKK) data which again rose above the 100 level, indicating an optimistic level. Approaching the Idul Fitri holiday, the JCI has the opportunity to continue its rebound with a range of 5,950 – 6,030.
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