India, March 18 -- The Indonesia stock market has moved lower in four straight sessions, plunging almost 450 points or 6.9 percent along the way. The Jakarta Composite Index now sits just above the 6,220-point plateau and it may take further damage again on Wednesday.
The global forecast for the Asian markets is soft ahead of the FOMC rate decision later today. The European markets were up and the U.S. bourses were down and the Asian markets figure to follow the latter lead.
The JCI finished sharply lower on Tuesday with damage across the board, especially among the financial shares and resource stocks.
For the day, the index plummeted 248.56 points or 3.84 percent to finish at 6,223.39 after trading between 6,011.84 and 6,465.22.
Among...