JPMorgan upgrades Indonesia, lifting call that riled Jakarta
Bank's analysts raise their "tactical" view of Indonesian equities one level to "neutral"
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
JPMORGAN Chase & Co has upgraded its assessment of the Indonesian stock market, reversing an earlier bearish call that prompted Jakarta to stop doing business with the US bank.
The bank's analysts raised their "tactical" view of Indonesian equities one level to "neutral" in a report dated Monday, saying that volatility in emerging-market bonds following Donald Trump's US election victory in November should now subside.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
