Indonesia Stock Market Update: Stocks Surge 2% to New Record
Despite a strong earthquake that was felt across Jakarta (and led to quite some panic), Indonesia's benchmark Jakarta Composite Index surged 2.07 percent to 6,635.33 points on Tuesday (23/01), a new all-time high, led by consumer goods and manufacturing stocks.
The performance was in line with rising stocks across Asia as well as Wall Street, overnight, amid cheerful sentiments as US President Donald Trump signed a bill that was approved by the US Congress, effectively ending the US government shutdown. The deal boosted appetite for more riskier assets in the emerging markets. Moreover, in terms of economic growth, the emerging markets, including Indonesia, remain the world's sweet spots.
