IHSG opens higher on optimism over us-china trade negotiations

Jakarta, (ANTARA News) - The Jakarta composite index (IHSG) closed higher on Wednesday on investors optimism over the US-China trade negotiations, according to an analyst.

The index of the Indonesian Stock Exchange (BEI) rose 27.14 points, or 0.42 percent, to 6,521.81 and the index of the 45 most liquid stocks, or LQ45, increased 6.71 points, or 0.66 percent, to 1,020.67.

Valbury Sekuritas chief researcher Alfiansyah has forecast that the IHSG will end mixed on Wednesday, as net foreign selling will continue over sentiments regarding trade deficit.

"However, optimism about the US-China trade negotiations will be a catalyst to strengthen the IHSG," he noted.

The United States and China will start a new round of trade negotiations in Washington on Tuesday. Although they have yet to reach an agreement, the United States claimed the negotiations ran productively to push China to stop forced transfer of technology and import more commodities from the United States.

By 9:32 a.m. local time on Wednesday, the IHSG continued to remain in the green zone, strengthening 41.16 points, or 0.63 percent, to 6,535.83.

Regional stock markets also increased, with Nikkei increasing 149.6 points, or 0.7 percent, to 21,452.25; Hang Seng strengthening 360.61 points, or 1.28 percent, to 28,588.74; and Straits Times moving up 20.75 points, or 0.64 percent, to 3,280.55.

Source: Antara News

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