PT Platon Niaga Berjangka analyst Lukman Leong said China’s reported plan to ease its monetary policy had added to hope that the global economy would maintain its growth.
“Sentiments from China have slightly increased investors’ interest in risky assets. Investors are optimistic that global economic growth will increase,” said Lukman.
On the other side, he added, some market players were still doubtful that that the US Federal Reserve would increase its fund rate in September, as the US economic data still showed fluctuations. (ebf)