"The majority of markets in Asia gained this morning to follow the increase in the index of the US markets and expectation of increase in the Chinese manufacturing output and retail sales in August,"analyst Benedictus Agung said.
Jakarta (ANTARA News) - Indonesia`s benchmark stock index gained in the opening trade here on Tuesday.

The index of the Indonesian Stock Exchange opened 0.83 percent higher at 4,226.14 points with index of 45 most stocks up 1.27 percent to the level of 709.73 points.

"The majority of markets in Asia gained this morning to follow the increase in the index of the US markets and expectation of increase in the Chinese manufacturing output and retail sales in August, Samuel Sekuritas` analyst Benedictus Agung said.

Relaxation in tension in Syria and expectation that the United States would not attack that country resulted in a falling price of oil on Monday night, Benedictus said.

The prices of shares of certain sectors such as banking, cement and construction stocks are rising contributing to an increase in the BEI index on Tuesday, he said.

Meanwhile, a team of analysts from Mandiri Sekuritas said an increase in the country`s foreign exchange reserves and falling inflation brought about positive sentiment to the market, although rupiah remains volatile.

Regional markets such as Hang Seng recorded a 0.68 percent increase in index to 22,904.30 points with Nikkei-225 index up 1.21 percent to 14,377.54 points and that of Straits Times gaining 0.43 percent to 3,101.44 points.

Meanwhile, the rupiah value also gained against the US dollar in the early Tuesday`s trading.

Rupiah traded at the level of 11,365 per dollar in interbank transaction strengthening from 11,580 earlier driven by rising BEI index and an increase in the country`s foreign exchange reserves.

Recovery of the Australian economy following the election of a new prime minister of that country brought positive sentiment to the market, Trust Securities` chief researcher Rheza Priyambada said.

Improvement in the Chinese trade balance and inflation data also contributed to the rupiah rise in value, Reza said.

Monex Investindo Futures` chief researcher Ariston Tjendra said the US dollar weakened against other major currencies in the world following indications that the United States would drop plan to attack Syria .

"Demand for safe haven currency such as US dollar is falling," Ariston said. (*)

Editor: Heru Purwanto
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