India, July 22 -- The Indonesia stock market on Tuesday halted 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 7,350-point plateau and it may remain stuck in neutral again on Wednesday.
The global forecast for the Asian markets offers little clarity as the markets figure to stagnate amidst a lack of catalysts. The European and U.S. markets were mixed and the Asian bourses are likely to follow that lead.
The JCI finished modestly lower on Tuesday following losses from the food, cement and resource stocks, while the financials came in mixed. For the day, the index sank 53.46 points or 0.72 percent to finish at 7,344.74 after trading between 7,344.74 ...