{
    "success": true,
    "data": {
        "id": 1829195,
        "msgid": "ihsg-opens-higher-potentially-moving-sideways-as-asian-and-wall-street-markets-mostly-fall-1782701552",
        "date": "2026-06-29 09:03:23",
        "title": "IHSG Opens Higher, Potentially Moving Sideways as Asian and Wall Street Markets Mostly Fall",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Finance",
        "summary": "The Jakarta Composite Index (IHSG) opened 36 points higher on Monday but is expected to trade sideways between 5,850 and 6,000. The cautious outlook follows a broad decline in Asian and Wall Street markets, driven by a sell-off in large-cap chip stocks and growing investor concerns over AI spending.",
        "content": "<p>The IDX Composite (IHSG) opened stronger by 36 points, or 0.62 per\ncent, at the 5,932 level at the start of trading on Monday, 29 June\n2026.<\/p>\n<p>Fanny Suherman, Head of Retail Research Analyst, predicts that the\nIHSG has the potential to move sideways during today\u2019s trading session.\n\u201cThe IHSG is likely to move sideways within the 5,850-6,000 area,\u201d\nSuherman stated in his daily research report on Monday, 29 June\n2026.<\/p>\n<p>He noted that most Asian markets declined during trading last Friday,\nas big-cap chip stocks surrendered some of their gains following\nsignificant rises on Thursday. The Nikkei 225 in Japan fell by 4.15 per\ncent and the Topix dropped by 1.32 per cent. Additionally, Hong Kong\u2019s\nHang Seng weakened by 1.76 per cent, Taiwan\u2019s Taiex fell by 3.64 per\ncent, and South Korea\u2019s Kospi corrected by 5.81 per cent.<\/p>\n<p>In contrast, Australia\u2019s ASX 200 rose by 0.18 per cent, while the\nStraits Times fell by 0.52 per cent and the FTSE Malaysia strengthened\nby 0.24 per cent. These movements were characterised by high volatility\nwithin the technology sector.<\/p>\n<p>Recent stock market fluctuations highlight growing investor concerns\nregarding whether the technology giants that have supported market gains\ncan continue to justify the high expectations embedded in their share\nprices. Concerns regarding AI expenditure drove sharp movements in chip\nstocks over the weekend.<\/p>\n<p>\u201cSupport for the IHSG is at the 5,750-5,850 level, while resistance\nis in the 6,000-6,100 range,\u201d he added.<\/p>\n<p>For context, most Wall Street indices were under pressure during\ntrading last Friday. The Nasdaq Composite weakened by 0.24 per cent, the\nS&amp;P 500 dipped slightly by 0.05 per cent, and the Dow Jones\nIndustrial Average decreased by 0.09 per cent.<\/p>\n<p>The greatest pressure originated from chip stocks, following reports\nfrom The New York Times that OpenAI is considering delaying its IPO\nuntil next year. This delay is attributed to the weakening performance\nof SpaceX shares following its market debut and the high volatility of\nAI-based stocks.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ihsg-opens-higher-potentially-moving-sideways-as-asian-and-wall-street-markets-mostly-fall-1782701552",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}