India, Aug. 4 -- The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.
The global forecast for the Asian markets is positive on bargain hunting and optimism for an interest rate cut. The European and U.S. markets were sharply higher and the Asian bourses figure to follow that lead.
The JCI finished modestly lower on Monday as losses from the financial shares and cement companies were mitigated by support from the resource stocks.
For the day, the index sank 73.12 points or 0.97 percent to finish at 7,464.65...