medcom.id, Jakarta: JPMorgan Chase & Co published new assessment for the Indonesian stock market this week.
JPMorgan reversed its view on the Indonesian stock market. It upgraded its investment recommendation for the Indonesian stock market from underweight to neutral.
"That is good," Finance Minister Sri Mulyani said here on Monday (1/16).
Previously, JPMorgan issued bearish call on the Indonesian stock market. It downgraded its investment recommendation for the Indonesian stock market from overweight to underweight.
The Finance Ministry questioned the decision. The ministry then severed business ties with the multinational bank.
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