Following Asian markets, composite index of the Indonesia Stock Exchange (IDX) gained 0.9% to close at 5869 in the morning trade today. The rupiah also strengthened to Rp14,896 against the US dollar.
Asian stocks rose in morning trade on Wednesday as investors shrugged off intensifying U.S.-China trade dispute.
Despite the intensifying trade despite between the U.S. and China, the Shanghai Composite gained 0.9% by 9:50PM ET (01:50 GMT), while the SZSE Component was also up 0.4%. Hong Kong’s Hang Seng Index on the other hand rose 0.9%.
Elsewhere, Japan’s Nikkei 225 traded 1.1% higher in morning trade, with a weaker yen cited as tailwind for equities. The Bank of Japan concludes its meeting later in the day and is widely expected to leave its monetary policy unchanged.