India, June 29 -- Ahead of Friday's holiday for the Islamic New Year, the Indonesia stock market had moved higher in two of three trading days since the end of the four-day losing streak in which it had dropped more than 370 points or 5 percent. The Jakarta Composite Index now sits just beneath the 6,900-point plateau and it may see additional support on Monday.
The global forecast for the Asian markets is positive on optimism over a possible resolution to tariff talks. The European and U.S. markets finished higher and the Asian bourses are expected to follow that lead.
The JCI finished modestly higher on Thursday following gains from the telecoms, financial shares and resource stocks, while the cement companies were mixed.
For the day, ...