India, July 7 -- The Indonesia stock market has moved higher in five straight sessions, adding more than 340 points or 5.9 percent along the way. The Jakarta Composite Index now rests just above the 5,985-point plateau although it may spin its wheels on Wednesday.
The global forecast for the Asian markets is soft on renewed hostilities in the Middle East and the corresponding jump in oil prices. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to split the difference.
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