The index of the Indonesian Stock Exchange strengthened 27.2 points, or 0.42 percent, to 6,491.39, and the index of the 45 most liquid stocks, or LQ45, rose 6.81 points, or 0.66 percent, to 1,030.35.
Valbury Sekuritas chief researcher Alfiansyah remarked on Thursday that the Fed`s statement that it will be more patient with its plan to raise its key rate and a positive corporate report have pushed up the US shares.
"The improving US stock exchange opened an opportunity for the Asian market to strengthen today. The expectation of improving the global market helped the IHSG strengthen during today`s share trading," he stated.
The Fed has decided to keep the Fed Fund Rate (FTR) unchanged, at 2.25 percent to 2.5 percent. The decision is consistent with the forecast of several analysts that the Fed will maintain its key rate.
The Fed Governor Powell said the central bank has adopted a "patient rate," with its balance flexibility.
Early this year, Powell also hinted at the possibility of the Fed being dovish in its rate policy with "close to normal" and "fewer hike" statement.
The analysts also forecast that the Fed will maintain the rate at the current level.
Up until 9:35 a.m. local time, the IHSG was still within the green zone, strengthening 34.89 points, or 0.54 percent, to 6,499.08.
Regional markets, such as Nikkei, rose 184.1 points, or 0.9 percent, to 20,740.64; Hang Seng weakened 237.24 points, or 0.86 percent, to 27,880.09; and Straits Times rose 13.55 points, or 0.43 percent, to 3,187.93.
Reporting by Citro Atmoko
Editing by Suharto
Reporter: Antara
Editor: Suharto
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