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Jakarta Financial Market Grapples with Bleak Sentiment

Monday, January 29, 2024

The heat of political tensions and China's economic weakness is dampening financial market sentiment in Indonesia. This could persist for a while.

arsip tempo : 172091898368.

Jakarta Financial Market Grapples with Bleak Sentiment. Ilustration/TEMPO/Imam Yunianto. tempo : 172091898368.

TYPICALLY, sentiment in the Indonesian financial market goes along very well with the investor’s mood in Wall Street, New York. Especially if the market is driven by movements of the Federal Reserve’s interest rates. However, in recent weeks, the situation is quite unusual.

In New York, investors are fueled by soaring optimism. Irrational exuberance has returned, according to some analysts. In contrast, the atmosphere in Jakarta

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