However, as the IHSG is currently still considered being "overbought", part of the investor community decided to sell their stocks. Therefore, when European stock markets opened promising on Wednesday, it had no real effect on the IHSG's performance.

The IDR rupiah gained slightly due to positive market sentiments that were brought on by a maintained benchmark interest rate of New Zealand at 2.5 percent, as well as Australian monthly and annual inflation that turned out lower than expected. Moreover, weak German Ifo Business Climate Index and Italian monthly Retail Sales pressured the Euro.

Asian stock indices were mostly rising due to spill-over effects from US and European stock indices. Various good corporate quarterly results supported optimism that global recovery is indeed happening. Technology and telecommunication stocks in China rebounded (moreover Goldman Sachs were bullish on Chinese stocks). In Japan, the weakening Yen strengthened stocks of exporters.