Indonesian rupiah falls, Indonesian stock market expected to enter a bull market.
After the Bank Indonesia kept its benchmark interest rate unchanged, the Indonesian rupiah weakened; at the same time, due to the drop in US Treasury bond prices, the benchmark bond yields rose for the sixth consecutive trading day. The stock market's gains have expanded to a 20% increase from the low point in early June. The Jakarta Composite Index rose 1.1% on the day to 6407.602 points; the confirmation of the sovereign credit rating boost market sentiment, and the index is expected to enter a bull market.
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