US stock markets managed to rebound on (24/02); supported by bargain hunting in technology stocks that pushed the Nasdaq up by 3.34%. Investors are watching the reactions of world leaders after Russia launched a full-scale invasion of Ukraine. US President Joe Biden has announced new sanctions that will make it harder for Russia to import technological equipment.
JCI continued to decline due to the sentiment of the start of the Russo-Ukrainian war; with a correction of 1.48% to 6,817 yesterday. Foreign investors were recorded to continue to make net sell worth IDR 899 billion, although the energy sector was still able to gain 2.23% amid soaring commodity prices. Technically, the benchmark index is expected to remain volatile with a projected range of movement at 6,750-6,950.
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