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.

News Comment

Today's Industry

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…

A total of 55 health professionals who participated in the Binawan Europe program, in the form of international career development scholarships in Austria. (Photo: The Public Relations of Binawan University)

Jumat, 02 Mei 2025 - 10:46 WIB

Binawan and Government Support Indonesian Nurses in Europe through Scholarships

In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…