India, June 24 -- The Indonesia stock market on Tuesday ended the four-day losing streak in which it had dropped more than 370 points or 5 percent. The Jakarta Composite Index now sits just shy of the 6,870-point plateau and it's expected to see continued strength on Wednesday.
The global forecast for the Asian markets is upbeat following news of a ceasefire between Israel and Iran. The European and U.S. markets were up and the Asian bourses figure to follow that lead.
The JCI finished sharply higher on Tuesday following gains from the financial shares, resource stocks and cement companies.
For the day, the index rallied 82.03 points or 1.21 percent to finish at 6,869.17 after trading between 6,853.07 and 6,924.97.
Among the actives, Ba...