JCI Opened Up 0.1%, Dragged by Positive Global Exchange

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  • TEMPO.CO, Jakarta - The Stock price index (JCI) rebounded 0.1%, up 4.54 points to 4,380.62 at the opening of trading Tuesday, September 22. The strengthening is in line with positive movement of Asian, US and European stocks.

    The JCI fell 0.1% to a record level of 4,376.08 in early trading this week, on Monday. The weakening occurs in line with Asian markets that were also depressed. New uncertainty due to the delay in raising interest rates by the Fed is still a negative sentiment driver of the stock market.

    Every four stocks rose of every stock that fell on the MSCI Asia Pacific outside of Japan, which was little changed at 8:04 am Hong Kong time or at 7:04 am Jakarta time, on Tuesday.

    "We will see that the movement is quite moderate in Asian stocks following the strengthening that occurred on US markets. It is difficult to see the continuous strengthening amid concerns over Fed policy," said Tim Schroeders, Portfolio Manager at Pengana Capital Ltd, as quoted by Bloomberg, on Tuesday.

    Japanese market is closed Tuesday. Meanwhile, the Australian S&P/ASX 200 index rose 0.4%, South Korea's Kospi index rose 0.2%, New Zealand S&P/NZX 50 index rose 0.1%.