Shipwreck of hope to the process of resolving debt problems of Europe make the global stock markets fell back. Wall Street fell more than 247 points overnight and then followed by a regional stock exchange this afternoon to make the local index plummeted more than 100 points.
German Finance Minister Wolfgang Schaeuble said that European leaders will not produce a solution to resolve the crisis zone of Europe at the EU summit on 23 October that directly responded to negatively by the market.
Until around 11:18 pm, the composite stock price index (CSPI) Indonesia Stock Exchange slid down 111.626 points (percent) to a level of 3618.35. The fall of the stock index this time led by the plantation sector, mining, and construction dropped more than 3 percent.
MNC Securities analyst Edwin Sebayang, suggested correction on Wall Street and European bourses on Monday to make the local bourse today on profit-taking experience. "In the midst of flat U.S. economic data and the growth of the issuer's financial statements that came out, the Dow Jones actually pretty depressed because of the statement of the Minister of Finance in Germany," he explained.
Amid these conditions, suggesting Edwin to buy at a low price strategy (buy on weakness) of stocks, such as INCO, Astra International, United Tractor, Astra Agro, Bank BRI, as well as New Tunas Lampung.
Of the region, this afternoon, Hong Kong fell 3.34 percent, the Shanghai stock exchange fell 1.25 percent, the Australian stock exchange fell 1.66 percent, the Tokyo stock exchange slid 1.31 percent, Singapore's stock exchange slumped 1.63 percent, Seoul bourse down 1.48 percent, and the Taiwan stock exchange fell 1.73 percent.
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process of absolute debt problems of Europe accomplish the all-around banal markets fell back.
ReplyDeleteDebt Management