uploads///Major Global Indices on January

Explosions in Central Jakarta Shake Up Global Indexes

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Jan. 14 2016, Updated 4:31 p.m. ET

Explosions in Central Jakarta

Gunfire and explosions in Central Jakarta, the capital of Indonesia, hit the major indexes of Asia and Europe on Thursday, January 14, 2016. According to the latest report, at least six explosions occurred in various places throughout Jakarta. According to a statement by the Indonesian police, three civilians and three police officers were killed in the incidents.

Some are suspecting that the incident was carried out by a suicide bomber. The incident bears a close resemblance to the Paris attacks in November 2015. The explosions in Indonesia hit the indexes of Asia in early trading on Thursday, and all indexes closed on negative notes. This type of incident increases geopolitical tension all over the world, causing investor sentiment to go into panic mode.

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Impact on major global indexes

All the major global indexes were already trading in the negative due to global growth concerns. The Indonesian incidents have taken away their chance of recovery. Japan’s (EWJ) Nikkei 225 fell 2.8%, and Indonesia’s Jakarta Composite Index fell 0.53%. Europe’s major index performances as of 7:00 AM EST on January 14, 2016, were as follows:

  • United Kingdom’s (EWU) FTSE 100 fell 1.9%
  • Germany’s (EWG) DAX fell 2.8%
  • France’s (EWQ) CAC 40 fell 2.8%

Major stocks of Nikkei such as Toyota Motor (TM), Honda Motor (HMC), and Sony (SNE) fell 2.2%, 2.9%, and 4.7%, respectively, on Thursday.

In the next part of this series, we’ll analyze the performances of various industries of the SPDR Euro STOXX 50 ETF (FEZ) as of January 13, 2016.

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