Global equity markets traded mixed on Wednesday: Asia nicked down by 0.8% (125.9), while EU and U.S.
went up by 0.3% (353.9) and 1.8% (16,351). Asian markets closed mostly in the red zone on Wednesday, tracking negative sentiment from global markets overnight. Meanwhile, EU bourses went up, reversing earlier losses, as U.S. shares bounced back. Across the ocean, U.S. markets closed sharply higher, recovering from the worst start to September in 13 years, as investors eyed calmer global markets and favorable economic data (revised 2Q productivity showed a rise of 3.3%, its strongest pace in 1.5 years). Moving to our domestic market, IHSG weakened by 0.3% (4,401) amid foreign investors’ sell-off. Thus, having considered all above sentiments, today we project the JCI to trade within 4,340-4,440.
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