IDX composite hits record high amid positive market sentiment
The index gained 61.90 points during the session, breaking through previous records and surpassing the 7,600 thresholds for the first time in history.
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The index gained 61.90 points during the session, breaking through previous records and surpassing the 7,600 thresholds for the first time in history.
The session began with a hawkish tone from Ueda during parliamentary testimony, where he hinted at possible future interest rate hikes if inflation continues to rise.
The Nikkei had experienced a significant 12.4% drop on August 5, 2024, the largest single-day decline since the 1987 Black Monday crash.
The recovery was largely attributed to a speech delivered by Bank of Japan (BOJ) Deputy Governor Shinichi Uchida, who assured investors that the central bank would maintain its ultra-loose monetary policy.
The rally followed robust U.S. retail sales figures, which increased by 1% in July, reversing a revised 0.2% drop in June.
The negative opening of the Sensex mirrors the growing concerns among investors over global economic uncertainties.
The session opened with cautious optimism, but early trading quickly turned sour as foreign investors opted to offload their holdings.
The highly anticipated initial public offering (IPO) of Medi Assist Healthcare, a leading insurance-tech player, finally opens for subscription today.
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