Last week, Jakarta Composite Index (JCI) fell 1% to 3,754.50. In Asia, shares dropped sharply Friday, pulled down by fresh concerns about Europe's ongoing debt woes following a weak Spanish bond auction.
Hong Kong's Hang Seng Index, as quoted by WSJ.com, closed 1.7% lower at 18,491.23, while China's Shanghai Composite Index fell 1.9% to 2416.56.
Japan's Nikkei Stock Average lost 1.2% to 8374.91, South Korea's Kospi fell 2% to 1839.17, and Australia's S&P/ASX 200 index shed 1.9% to 4177. The losses followed an auction Thursday that saw average yields on 10-year Spanish government bonds hit a euro-era high ahead of a weekend election there, sending European and U.S. stocks sharply lower.How about Indonesia stock market today?
The JCI is estimated to move within the range of 3,686-3,784 with several stocks to watch: INDY, MYOR, and INKP.
Today, the JCI technically tends to decrease within the range of 3,710-3,830. The development of European nations' debt crisis and the intervention of European Central Bank could provide sentiment to the JCI movement. Several stocks to watch: MYOR, HRUM, BWPT, and AKRA.
Disclosure: No position at the stock mentioned above.
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