Jakarta Stocks Edge Up Amid Fed Hike Fears and Iran Tensions

The Jakarta Composite Index (JCI) added 7 points to close at 6,525 on Monday, but investors remained cautious due to a hawkish US Federal Reserve outlook and renewed tensions between the US and Iran.

The JCI moved in a narrow range as market participants weighed developments in the Fed's policy outlook, geopolitical tensions, oil prices, and the impact of the MSCI index rebalancing, which took effect on Monday.

Pilarmas Investindo Sekuritas identified at least three major factors that shaped market sentiment: US monetary policy, escalating geopolitical tensions between the United States and Iran, and the Fed's commitment to bringing inflation back to its 2% target.