Economic TimesLean R·
Global Market: Indonesia stocks attract bargain hunters as AI rally loses steam
Global investors are shifting funds into Indonesia's stock market, which has seen significant declines. This rotation occurs as the rally in AI-linked stocks begins to lose momentum globally. Many portfolio managers are seeking undervalued markets with stronger long-term growth prospects. Analysts believe much of the negative news has already been reflected in current stock prices. Indonesia's market awaits a crucial MSCI decision in November, which could impact its status.
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