India, July 23 -- The Indonesia stock market bounced higher again on Wednesday, one day after ending the 11-day winning streak in which it had surged more than 530 points or 7.5 percent. The Jakarta Composite Index now sits just beneath the 7,470-point plateau and it may tick higher again on Thursday.
The global forecast for the Asian markets is upbeat on optimism for trade deals. The European and U.S. markets were solidly higher and the Asian bourses are expected to follow that lead.
The JCI finished sharply higher on Wednesday following gains from the financial shares, cement companies and resource stocks.
For the day, the index soared 124.49 points or 1.70 percent to finish at the daily high of 7,469.23 after trading as low as 7,355.0...