India, Aug. 25 -- Ahead of Tuesday's holiday for the birth of the prophet Muhammad, the Indonesia stock market had ended the two-day winning streak in which it had advanced more than 130 points or 2 percent. The Jakarta Composite Index now rests just above the 6,500-point plateau although it may bounce higher again on Wednesday.
The global forecast for the Asian markets is upbeat on sinking crude oil prices and optimism for an end to the Middle East conflict. The European markets were mixed and the U.S. bourses were up and the Asian markets are expected to follow the latter lead.
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