IHSG slides amid spike in Asian markets

IHSG slides amid spike in Asian markets

Photo Illustration: A stock trader observed charts and graphics at the Dealing Room, Treasury Division of the state-owned BNI in Jakarta. ANTARA FOTO/Dhemas Reviyanto/pras/gtm

Jakarta (ANTARA) - The Indonesian composite index (IHSG) of the Indonesia Stock Exchange (IDX), Jakarta, opened lower, at 7.41 points, or 0.12 percent, to 6,275.96 on Thursday despite a spike in the Asian stock markets.

In the meantime, the index of the 45 most liquid stocks, or LQ45, decreased by 1.87 points, or 0.18 percent, to 1,023.26.

Indonesia's stock market corrected, as investors continue to watch closely the phase one trade deal inked by the United States and China, Reliance Securities Head Lanjar Nafi remarked, citing that the IHSG may continue to consolidate today.

In spite of the investors adopting a wait-and-watch stance, the market has welcomed the US-China trade deal that is expected to end the tariff war between both nations, Valbury Securitires Head of Research Alfiansyah remarked.

"Stock trading today may be affected by the trade deal, and I believe the IHSG will soon be strengthened," he added.

In the meantime, regional markets that appreciated this morning comprised Nikkei increasing three points, or 0.01 percent, to 23,919.6; Hang Seng Index adding 104.9 points, or 0.36 percent, to 28,878.5; and the Straits Times Index strengthening 7.76 points, or 0.24 percent, to 3,264.74. Related news: 2019's CPI inflation stays at target corridor: BI

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