The composite index of the Indonesia Stock Exchange (IDX) ended down 1.27% to 5444 on Monday (March 10) with regional market’s weak performance prompting the selling mood in local stocks. Asian stocks closed in red Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought, Reuters reported. But this morning, some regional markets opened higher to tracking Wall Street’s gain overnight. U.S. stocks closed higher on Monday, recovering from Friday’s sharp decline as investors took a more positive outlook on the strong jobs report.
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