Global Stocks Strengthen Today

INDUSTRY.co.id - Jakarta - The movement of the Asian stock market was again able to turn higher amid fears of a US and Chinese trade war. Market participants responded positively to the release of the BoJ which again held interest rates and gave a positive outlook for the Japanese economy in the future along with its economic recovery.

"In addition, market participants also responded positively to the statement of the Chinese Prime Minister, Le Keqiang, at the World Economic Forum (WEF) forum where although China felt the current economy was uncomfortable with trade tariff confrontation, China had prepared a number of strategies to maintain its economy." said Capital Market analyst Reza Priyambada in Jakarta, Thursday (09/20/2018).

He said, the pace of European stock markets also moved higher along with the attitude of market participants who tried again to rule out the escalation of the trade war between China and the US. The pan-European Stoxx600 index rose 0.21 percent with the support of a number of sectors, especially the resource sector, banks, to automotive. The positive reaction from market participants to PM Le Keqiang's comments in the WEF coupled with the positive number of news issuers helped the European stock market move in the green zone.