India, Aug. 12 -- The Indonesia stock market has tracked higher in three straight sessions, improving more than 300 points or 4 percent along the way. The Jakarta Composite Index now sits just above the 7,790-point plateau and it may at least open higher again on Wednesday.
The global forecast for the Asian markets is upbeat on an improved outlook for interest rates. The European markets were mixed and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
The JCI finished sharply higher on Tuesday with gains from the financial, resource and telecom sectors, while the food and cement stocks were soft.
For the day, the index surged 185.77 points or 2.44 percent to finish at 7,791.70 after trading between 7,646.91...