The Effect of Foreign Stock Index and Macroeconomic to Composite Index in Indonesian Stock Exchange

This study aimed to get empirical evidence global stock indices: Dow Jones Industrial Average, Shanghai Stock Exchange Composite, Strait Times Index, and macroeconomic variable: inflation, BI Rate, world oil prices, exchange rate IDR/USD toward the JCI. This research was conducted by examine the data on January 2010 – December 2014 period. The research technique using multiple linear regression analysis. The result is Strait Times Index and exchange rate IDR/USD influence on the JCI, Dow Jones Industrial Average, Shanghai Stock Exchange, inflation, BI rate, and world oil price not influence on the JCI