ILLUSTRATION. Monday (9/11) at 8.27 WIB, the Nikkei 225 index shot up 1.98% to 24,800. Hang Seng advanced 1.73% to 26,157.
Reporter: Wahyu Tri Rahmawati | Editor: Wahyu T. Rahmawati
KONTAN.CO.ID – JAKARTA. Asian stocks strengthened in compact at the beginning of this week. Monday (9/11) at 8.27 WIB, the Nikkei 225 index shot up 1.98% to 24,800. Hang Seng advanced 1.73% to 26,157.
The Taiex Index rose 1.16% to 13,119. Meanwhile, the Kospi index rose 1.70% to 2,457. Straits Times rose 1.65% to 2,621. The FTSE Bursa Malaysia strengthened 0.84% to 1,532.
The MSCI Asia Pacific ex-Japan index edged up 0.1% in early trading this morning after soaring 6.2% last week. This is the highest weekly increase since early June.
“A divided government will provide a continuation of the current situation rather than a major change,” said Jim Wilding, wealth manager of Confluence Financial Partners. Reuters. This divided United States government (US) represents a government led by Democrats and a Congress with a Republican majority.
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Wilding said that these conditions remain positive for the stock market. “Especially the small opportunities for tax increases in the next few years,” he said.
However, Wilding cautioned that the S&P 500 index is not far from its all-time highs. As a result, investors also need to refrain from excessive enthusiasm.
On the other hand, Matt Sherwood, Perpetual fund manager in Australia said that Joe Biden’s victory in the US presidential election will not cause major changes to his portfolio. “In the end, we predict that the US economy is still likely to be vulnerable and growth is slowing down,” said Sherwood.
Analysts also warned of Biden’s ability to expand fiscal stimulus and reduce the spread of Covid-19. To date, positive cases of the US corona virus have approached 10 million cases.
Also Read: Welcoming the Return of Foreign Investors on the Stock Exchange, JCI is heading for 5,500
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Reporter: Wahyu Tri Rahmawati
Editor: Wahyu T. Rahmawati
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