JCI closes close to 1% as Asian markets show up

Bisnis.com JAKARTA – The Composite Price Index (IHSG) slipped and closed down nearly 1% today, Monday (07 / 02/2018).

JCI closed down 0.90% or 52.47 points to 5,746.77, after opening in the green zone with a gain of 0.5% or 29.26 points to 5,828.49.

As for Friday's bargain (29/6/2018), JCI was able to bounce back and finished with 2.33% or 131.92 points at the level of 5,799.24, breaking the series of three days of losses.

Although she extended her earnings across the 5,800, the index move became weaker in early trading and retreated to the 5700 level. Today, JCI moves in the range of 5,746.77 – 5,832.22.

Of the 588 shares traded today, 141 stocks gained, 255 stocks fell, and 192 stocks stagnated.

Based on data ] Bloomberg Eight of JCI's nine sector indices ended in the red zone, led by various industrial sectors (-4.68%) and the core industry (- 2.19%). The consumer sector finished alone in the green zone with a gain of 0.24%.

In accordance with JCI, the Business-27 index ended today its movement in the red zone with a decline of 0.81% or 4.04 points to 493.90.

Earlier in the morning, the index opened with a gain of 0.87% or 4.35 points to 502.29, after rebounding on Friday (29/6) and ended up 3, 29% or 15.86 points to 497, 94.

Other stock market indices in Southeast Asia have seen varied movements this afternoon, with Singapore's FTSE Straits Time Index ( -0.91%), the FTSE Malay KLCI index (-0.38%) and the Philippine PSEi index (+0.0 At the same time, Japanese indices Topix and Nikkei 225 each lost 2.06% and 2.21%, while the Kospi index of South Korea tumbled 0.66% 2.35% .In China, the Shanghai Composite Index and the 39% CSI 300 fell by 2.52% and 2.93% respectively.

Overall, Asian stock markets were observed this afternoon amid growing fears of a trade war between the United States (United States) and China and the collapse of manufacturing data in China

The stock index of Japan and China fell by more than 2% after the data of the Purchasing Managers Index (PMI) of the two countries fell slightly by report to the previous month. The China Bureau of Statistics (NBS) has noted the Purchasing Managers Index (PMI) for June, published Saturday (30/6/2018) The Index Chinese business managers (PMI) contracted at 51.5 in June, under badysts' expectations of 51.6 and 51.9 in May

. the reaction for the first time since February 2018, falling to 49.8 the previous month, indicating falling demand from other countries.

This is the clearest sign that a future trade war has a negative impact on growth. From this Friday (6/7/2018), the two largest economies in the world will begin to charge higher prices on hundreds of imported products, while marking a major escalation of conflicts.

"Usually, a small move on PMI can be ignored but in an environment where the trade war is causing concern, you can see more reactions," said Shane Oliver, chief investment strategist at AMP Capital Investors Ltd.

"With the arrival of significant tariffs in China, you will soon understand why investors are a little more nervous."

JCI Pressures:

Code	(%) [19659020] BMRI	-4.74
ASII	-5.30
UNVR	-4.46

JCI Stocks:

Code	(%)
HMSP [19659021] -1.63
19659035] +2.23
GGRM	+2.60
UNTR	+2.53
BDMN	+2, 75

] Source: Bloomberg