Open Friday morning JCI weakened

By : Herry Barus And Aldo Bella Putra | Friday, August 31 2018 - 14:30 IWST

Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok INDUSTRY.co.id)
Indeks harga saham gabungan (IHSG) di gedung Bursa Efek Indonesia (dok INDUSTRY.co.id)

INDUSTRY.co.id - Jakarta - The Jakarta Stock Exchange (IDX) Composite Stock Price Index (IHSG) opened on Friday to fall 34 points due to negative sentiment coming from the global market.

The JCI opened down 34.00 points, or 0.56 percent, to 5,984.96. While the 45 leading stocks or the LQ45 index moved down 8.4 points or 0.89 percent to 944.21.

Head of Valbury Sekuritas Research Alfiansyah in Jakarta said the emergence of new tensions between China and the United States affected the movement of the global stock market and also the JCI which experienced weakness.

"Asian stocks ended their rally as investors assessed news of global political tensions. US President Donald Trump accused China of undermining US efforts to pressure North Korea to give up its nuclear weapons," he said Friday.

On the other hand, he continued, global economic uncertainty, especially the Turkish and Argentine currency crises, can also affect other developing countries, such as Indonesia.

The impact is that it can hold back the flow of capital into Indonesia, making it difficult for the government to improve the current account deficit.

However, he continued, as reported between Indonesia's current account deficit, which is around 3 percent of GDP, it is still quite healthy. Hopefully, it can reduce market participants' concerns.

"The government and Bank Indonesia are trying to make the transaction more sound and targeted to a zero percent level or to lead to a surplus," he said.

Meanwhile, regional exchanges include the Nikkei index down 15.41 points (0.07 percent) to 22,854.09, the Hang Seng index down 344.88 points (1.22 percent) to 27,819.17, and the Straits Times index weakening 2 , 21 points (0.07 percent) to 3,223.51.

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