Asian stock markets ended mostly lower Thursday, with the financial sector weighed down by jitters over the possibility Greece will exit the euro zone.
"The latest meeting of European leaders at the G-20 summit in Cannes has firmly convinced the market that the move by Greece to call for a referendum on something that looked like a done deal has not gone down well with the European powerhouses," said Jason Hughes at IG Markets Singapore, as quoted by WSJ.com yesterday. He said the current situation "leaves a very uncertain month ahead for financial markets."
Australia's S&P/ASX 200 index declined 0.3% to 4,171.8, South Korea's Kospi lost 1.5% to 1,869.96 and the Hong Kong Hang Seng Index fell 2.5% to 19,242.50. China's Shanghai Composite and India's Sensex edged higher, up 0.2% to 2,508.09 and 0.1% to 1,7481.93, respectively.
How about Indonesia stock market today? Here are stock recommendations provided by Bisnis Indonesia:
Jakarta Composite Index (JCI) may consolidate with potential correction within the range of 3,621-3,739. Several stocks to watch: IGAR, PGAS, and GGRM.
Minna Padi Investama:
The JCI today is estimated to move within the range of 3,668-3,775, while external sentiments remain affecting the market. Several stocks to monitor: HRUM, BUMI, and ADRO.
The JCI today may move in mixed position within the range of 3,640-3,760. Investor may be wait and see, following the meeting progress of G20 countries. Several stocks should be watched GGRM, TLKM, BUMI, and JSMR.
The index is predicted to decrease with a support level of 3,625 and resistance of 3,710. ASRI and GGRM could be monitored.
Disclosure: No position at the stock mentioned above.