The Indonesian Stock Exchange (BEI) Composite Stock Price INDEX (IHSG) on Tuesday (16/4) afternoon closed lower following the weakening of Asian and global stock exchanges.
JCI closed in the red zone at 122.06 points or 1.68 percent to 7,164.81. Meanwhile, the group of 45 leading shares or the LQ45 index fell 28.38 points or 2.95 percent to 935.34.
JCI remained at home in negative territory until the close of the first stock trading session. In the second session, JCI remained at home in the red zone until the close of stock trading.
“Asian stocks weakened due to increasing geopolitical threats in the Middle East which raised global oil and gold prices,” said the Pilarmas Investindo Sekuritas Research Team as reported by Between.
The increasing geopolitical threat makes global inflation very likely and the estimate of a cut in US interest rates which would initially occur in June 2024 has been pushed back to September 2024 taking into account these risks.
Asian regional stock exchanges this afternoon included the Hang Seng index weakening 351.49 points or 2.12 percent to 16,248.96, the Shanghai index weakening 50.30 points or 1.65 percent to 3,007.07, and the Strait Times index weakening 33 .85 points or 1.22 percent to 3,144.76.
Meanwhile, the Nikkei index (Japan) is on holiday to commemorate the country’s national holiday. (Z-6)
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