Today's Top 3 News: JCI Closes 1.13% Lower as Investors React to August MSCI Review
Here is the list of the top 3 news on Tempo English today.
Today's top three news include JCI closing 1.13% lower as investors reacted to the August MSCI review. The Jakarta Composite Index fell 72.08 points, or 1.13%, to 6,301.77 at the close. Analysts noted that the decline was partly due to several stocks being removed during the index rebalancing and profit-taking.
Additionally, President Prabowo Subianto's state of the nation address lifted investor sentiment, leading to a 0.56% increase in the JCI to 6,337.19. However, market analyst Elandry Pratama cautioned that the rally would need stronger corporate fundamentals to be sustained.
Lastly, American businessman and venture capitalist Josh Kushner's net worth has backed the US$12.5bn acquisition of the Los Angeles Lakers. Kushner, who built his wealth through early investments in technology startups, demonstrated that his capital base could drive one of the largest team transactions in professional sports history.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
