US-China Tensions Ease, Indonesian Stock Exchange Opens Higher
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The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) opened stronger at 6,380.1 on Monday (July 1st). By 10:00 WIB (Western Indonesian Time), the JCI had continued its upward trend, reaching 6,376.85, or a 0.28 percent increase. This strengthening is in line with the easing of the trade war between the United States (US) and China.
Valbury Sekuritas Research Head Alfiansyah stated that the easing of US-China tensions is likely to strengthen the global market this week, including pushing the JCI into positive territory. Positive sentiment emerged after US President Donald Trump and Chinese President Xi Jinping agreed on several matters related to trade between the two countries, on the sidelines of the G20 Summit in Osaka, Japan. The US and China also plan to follow up on these talks with further economic cooperation.
(Read Databoks: [Waiting for the 2019 Presidential Election Dispute Decision, JCI Closes Stronger])
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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