Jakarta market ended higher on Monday followed by the momentum on Wall Street, with the S&P 500 closing above psychological mark of 5,000 for the first time. Meanwhile, most of the regional markets including China, Hong Kong, South Korea, Malaysia, Taiwan and Singapore were closed for the Lunar New Year, and the Japanese market was closed for National Day. Investors were eyeing on the release of US consumer price inflation data for January and Japanese GDP figures for the last quarter of 2023 this week for clues to the economic and monetary policy outlook.
Jakarta Composite gained by 62.52 points or 0.86% to settle at 7,297.67.
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