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Today's Headlines Wall Street

  • Asian Stocks Up on Higher Oil Price & Monetary Easing Hopes

    Asian Stocks Up on Higher Oil Price & Monetary Easing Hopes

    The new trading week started positively in Asia. After Wall Street had risen sharply on Friday (22/01) due to higher oil prices (particularly causing surging energy stocks), Asia extended the rally on Monday (25/01). In addition, investors are optimistic that the central bank of Japan will turn to more easing (the institution will conduct its monthly policy meeting later this week), while the European Central Bank had already hinted at further easing in last week's policy meeting.

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  • Stock Market Update: Indonesian Stocks to Be Under Pressure

    Stock Market Update: Indonesian Stocks to Be Under Pressure

    The Jakarta Composite Index is expected to be under pressure on Monday (18/01) as the selloff continues in Asia. Both China's Shanghai Composite Index and Japan's Nikkei 225 index were down around 1.50 percent on Monday morning. Main concerns of investors are the persistent slide of crude oil prices as well as weak US retail sales and US industrial output in December. As a result, high-yielding currencies weakened, while demand for safe haven assets supported government debt and gold.

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  • Global Selloff Continues on Low Crude Oil and China Turmoil

    Global Selloff Continues on Low Crude and China Turmoil

    Asian stocks are again in deep red territory on Thursday (14/01), led by Chinese shares (which are on track to enter a bear market) as well as Japanese shares. It means that the rebound that had occurred earlier this week - caused by positive export data from China - was short-lived. The continued slide of oil prices (below USD $30 per barrel) and turmoil in China cause money to flow away from equity and fragile emerging market currencies.

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  • Stock Market & Rupiah Indonesia: Sell-Off Continues

    Stock Market & Rupiah Indonesia: Sell-Off Continues

    The sell-off continued in Asia on Monday (11/01). Asia's stock indices - led by China's Shanghai Composite Index - fell deep into red territory. China's muted inflation in December, today's 5.33 percent plunge of the Shanghai Composite Index, sliding oil prices, and falling stocks on Wall Street last week (US stocks experienced their worst week in four years), made investors in search of safe haven assets such as gold, Japan's yen and the US dollar. Meanwhile, Indonesia's benchmark Jakarta Composite Index fell 1.78 percent to 4,465.48 points.

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  • Indonesia Stock Market Update: Asia's Stocks in the Red, Global Selloff

    Indonesia Stock Market Update: Asia's Stocks in the Red, Global Selloff

    Stocks and currencies across Asia are under heavy pressure on Thursday (07/01) after China's central bank set its yuan rate 0.51 percent lower (at 6,5646 per US dollar). As a result, Chinese shares plunged over 7 percent (triggering the new circuit-breaking mechanism - for the second day this week - 30 minutes after trading opened today). Asian shares are also weak due to big losses in Europe and on Wall Street overnight. Markets reacted to the oil price that slid to a more-than-seven-year low at USD $33.97 per barrel.

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  • Indonesia's Jakarta Composite Index Plunges, Rupiah Strengthens

    Indeks Harga Saham Gabungan Jatuh, Rupiah Menguat

    Stock indices in Southeast Asia plunged on Friday (18/12), led by benchmark indices in Thailand and Indonesia. These Asian markets followed the global correction that occurred after investors weighed in the possible impact of the Federal Reserve's interest rate hike. US and European stocks dropped on Thursday and Friday, while prices of oil and other commodities continued to slide. Indonesia's Jakarta Composite Index fell 1.92 percent to 4,468.65 points.

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  • Indonesian Stocks & Rupiah Update: Outflows after Relief Rally

    Indonesian Stocks & Rupiah Update: Outflows after Relief Rally

    After the rally on Thursday (responding positively to the Federal Reserve's announcement to raise its Fed Fund Rate), Indonesian assets are weakening on Friday (18/12) while most other Asian markets are down. Indonesia's benchmark Jakarta Composite Index was down 1.20 percent to 4,501.34 points by 09:45 am local Jakarta time, while the Indonesian rupiah had depreciated 0.22 percent to IDR 14,040 per US dollar (Bloomberg Dollar Index). As such, Indonesian stocks are following the example of US stocks that plunged overnight.

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  • Worldwide Stock Plunge; What Are the Factors at Play?

    Worldwide Stock Plunge; What Are the Factors at Play?

    Across the world, stock indices plunged on persistent concern about lower commodity prices (especially as crude oil dived to a two-month low and may start to flirt with the USD $40 per barrel level again), concern about slowing credit growth in China, while markets are also bracing for a possible US interest rate hike in December (a move that will particularly trigger capital outflows from riskier emerging market assets). This month markets are under severe selling pressure after experiencing a rally in October.

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  • Asian Stocks Expected to Be Under Pressure on Thursday

    Asian Stocks Expected to Be Under Pressure on Thursday

    Shares in Asia are expected to be under some pressure today as crude oil prices slid 2.9 percent overnight after the American Petroleum Institute released a report that stated US supplies grew unexpectedly by 6.3 million barrels. Other commodity prices were also down after the release of downbeat industrial output data from China on Wednesday. However, with China's positive October retail sales (posting the strongest gain of the year) there are few chances of seeing new massive stimulus from Chinese authorities. As such 'bad news' is no 'good news'.

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  • Indonesian Stock Market & Rupiah Update: Positive Global Sentiments

    Indonesian Stock Market & Rupiah Update: Positive Global Sentiments

    Indonesian stocks and the rupiah outperformed their regional peers on Tuesday (03/11) after US stocks posted strong gains overnight on the back of a spate of acquisition deals and positive US manufacturing activity and construction spending data. Most Asian stock indices rose on these improved global market sentiments. Indonesia's benchmark Jakarta Composite Index climbed 1.53 percent to 4,533.09 points.

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Latest Columns Wall Street

  • Both Indonesia's Rupiah and Stock Index Strengthen on Wednesday

    Positive market sentiments stemming from Wall Street pushed Indonesia's benchmark stock index (known as the Jakarta Composite Index or IHSG) further up on Wednesday (12/02). Even though technical indicators (such as the bollinger band) suggest that the majority of Indonesian stocks are close to the overbought area, it did not prevent investors from stock trading. The appreciating rupiah exchange rate, rising Asian indices and positive openings in Europe all contributed to the IHSG's 0.58 percent gain to 4,496.29 points.

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  • JP Morgan and Standard & Poor's Provide Boost for Asian Markets

    JP Morgan and Standard & Poor's Provide Boost for Asian Markets and JCI

    Indonesia's benchmark stock index (IHSG or Jakarta Composite Index/JCI) rebounded on Tuesday (11/02) after being impacted by rising Asian stock indices that followed Wall Street's positive ending on Monday (10/02) as well as higher prices of several commodities. Moreover, JP Morgan Chase & Co released a positive assessment of China's banks and stock market. Lastly, Standard & Poor’s put Indonesia's banks on a stable outlook. Combined, these factors made the IHSG rise 0.44 percent to 4,470.19 points.

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  • Jakarta Composite Index Down 0.36% due to Companies' Slowing Profit

    After experiencing 3 consecutive days of growth, Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) weakened on the first trading day of the week after market participants engaged in profit taking. As such, and contrary to its usual performance, the index did not follow rising global indices on Friday (07/02). The IHSG fell 0.36 percent to the level of 4,450.75 points on Monday (10/02). Domestic investors recorded a net sell, while foreign investors recorded a net buy of IDR 842 billion.

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  • Indonesia Stock Market Up 0.44% Despite Negative Market Sentiments

    The movement of Indonesia's benchmark stock index (known as IHSG or Jakarta Composite Index) on today's trading day (20/01) was rather volatile. Investors returned to the market after the fall of the index was limited at the end of last week. However, China's slowing economic growth in the fourth quarter of 2013 (7.7 percent) brought negative market sentiments. Still, foreign investors were net buyers of Indonesian stocks today and in combination with an appreciating rupiah exchange rate, the index rose 0.44 percent to 4,431.57 points.

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  • Indonesia's Stock Market Continues to Rise amid Positive Global Markets

    Indonesia's Stock Market Continues to Rise amid Positive Global Markets

    Despite our concern that Indonesia's benchmark stock index (IHSG or Jakarta Composite Index) would be susceptible to profit taking after the national holiday on Tuesday (14/01) as the IHSG rose signficantly on Monday (13/01), it continued its rise on Wednesday (15/01). The IHSG was supported by positive Asian indices that were influenced by strong US and European stock markets after the release of positive economic data in the USA and Europe. The depreciating rupiah exchange rate, however, limited the IHSG's gain.

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  • Jakarta Composite Index Down 1.61% due to China Data and Wall Street

    Jakarta Composite Index Down 1.61% due to China Data and Wall Street

    On Friday (03/01), the benchmark stock index of Indonesia (known as the Jakarta Composite Index or IHSG) ended 1.61 percent down to 4,257.66 points amid a majority of global indices declining after having experienced a short (window dressing-inspired) rally at the end of the year. The IHSG, which was not affected by the window dressing phenomenon, was dragged down after experiencing a four-day rally in the last week of 2013. Positive US employment data were unable to support global indices.

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  • Indonesia’s Stock Index (IHSG) Up on US Economic Data on Tuesday

    Wall Street, which was up on Monday (16/12) supported by various economic data, managed to support Asian stock indices on Tuesday (17/12), including Indonesia’s benchmark stock index (IHSG). Investors were back and ready to trade on the Indonesia Stock Exchange. As usual, the big cap stocks were highly popular. The rupiah’s Bank Indonesia mid-rate, which improved slightly, also contributed to the good performance of the IHSG today. The index rose 1.37 percent to 4,182.35 points.

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  • Indonesia Stock Index Up but Rupiah Exchange Rate Down on Tuesday

    Indonesia's benchmark stock index (the Jakarta Composite Index or IHSG) continued yesterday's rise on today's trading day (10/12), supported by indices on Wall Street that climbed due to the lower VIX index (Chicago Board Options Exchange Market Volatility Index) although Asia's stock indices were mixed, while the Indonesia rupiah exchange rate continued its decline. Indonesia's manufacturing stocks were up along with consumer, automotive and processed foods stocks.

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  • Jakarta Composite Index (IHSG) Down Amid Falling Asian Markets

    Falling stock indices on Wall Street on Wednesday (04/12) impacted on Asia the following day resulting in the majority of Asian indices being down on Thursday's trading day (05/12), including the benchmark stock index of Indonesia (IHSG). Besides the impact of Wall Street, Asian stock markets are also vulnerable to ongoing concern about the future of the Federal Reserve's quantitative easing program. In the case of Indonesia, negative market sentiments are intensified by the continued depreciation of the rupiah exchange rate.

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  • Indonesia Stock Exchange Today: Slight Gain as Investors Stay Cautious

    The Jakarta Composite Index (Indonesia's benchmark stock index, abbreviated IHSG) made a positive start on Monday (25/11). Investors were confident amid today's rising indices throughout Asia, brought on by the record breaking Dow Jones Index on Wall Street at the end of last week. However, this market optimism failed to provide a significant boost to the IHSG as the Indonesian rupiah exchange rate continued its downward spiral. The IHSG was up 0.39 percent to 4,334.80 points at the end of Monday's trading day.

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