Lower Open Called For Indonesia Stock Market

The Indonesia stock market on Wednesday ended the two-day slide in which it had dropped almost 170 points or 2.9 percent. The Jakarta Composite Index now sits just above the 5,940-point plateau although it’s likely to open in the red on Thursday.

The global forecast for the Asian markets is weak on rising crude oil prices and concerns over the outlook for interest rates. The European markets were up and the U.S. bourses were down and the Asian markets are likely to follow the latter lead.