> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐Ÿ๏ธ Indonesia Stock Index Rises 19%. $480M+ VC Funding. - URL: https://newsletters.qs.com/indonesia-stock-index-rises-19-480m-vc-funding/ - Published: 2024-03-21T11:30:02.000Z - Updated: 2024-03-21T11:30:01.000Z - Description: Impact Capital Markets #54 looks at our Indonesia stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Sawubona**](https://en.wiktionary.org/wiki/sawubona?ref=newsletters.qs.com) ๐Ÿž๏ธ ๐Ÿ“‰ **Today's Global Economic Update:** Japan's Balance of Trade data revealed a sharp decrease in the trade deficit [to JPY 379B](https://www.customs.go.jp/toukei/latest/index%5Fe.htm?ref=newsletters.qs.com) in February, with a 7.8% increase in exports and a 0.5% rise in imports. ๐Ÿงฌ **Deal of the Day:** Capstan Therapeutics, a California-based biotechnology company, raised a [$175M Series B](https://finance.yahoo.com/news/capstan-therapeutics-announces-175m-oversubscribed-110000438.html?ref=newsletters.qs.com) to advance its pipeline of RNA-based therapies. **What's New?** - **๐Ÿ๏ธ** **Indonesia.** HolonIQ's Indonesia stock index rises 19% - **๐Ÿ’ฐ Funding.** Biotechnology, medical imaging, greentech & more - ๐Ÿ’ผ **M&A.** Healthcare services & EV charging - ๐Ÿ“… **Economics.** Major interest rate decisions, inflation data, retail sales + more *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com) ## **๐Ÿ๏ธ** HolonIQ's Indonesia Stock Index Rises 19% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/03/HolonIQ_HolonIQ_Indonesia_HIQINDO_HCHALEFMARHTUB6GIDCQ.png) HolonIQโ€™s Indonesia stock index has risen by 19% over the past year. Indonesiaโ€™s economy has shown resilience, with positive performance in the renewables and banking sectors. President Joko Widodo, during his term, placed a large emphasis on attracting foreign capital to fund economic development, with FDI in 2023 reaching a record high of[ $47 Bn](https://www.reuters.com/markets/asia/indonesia-sees-fdi-worth-47-bln-2023-investment-ministry-2024-01-24/?ref=newsletters.qs.com), an increase of 13% from the year before. Domestic demand and consumer confidence have also exhibited resilience, creating a favorable climate for Indonesian stocks. At its latest monetary policy meeting, Indonesiaโ€™s Central Bank held interest rates unchanged, and recent signals have indicated a halt in the monetary tightening cycle, which could direct further investment into equity. The election held in February also saw Defence Minister Prabowo Subianto [elected as President](https://www.economist.com/interactive/2024-indonesia-election-tracker?ref=newsletters.qs.com), eliminating the need for a second round of elections in June. The political certainty resulting from the clear win will likely be perceived positively by markets, potentially benefitting Indonesian stocks. ## ๐Ÿ’ฐ Funding ๐Ÿงฌ **Capstan Therapeutics,** a California-based biotechnology company, raised a [$175M Series B](https://finance.yahoo.com/news/capstan-therapeutics-announces-175m-oversubscribed-110000438.html?ref=newsletters.qs.com) from RA Capital Management to advance its pipeline of RNA-based therapies. ๐Ÿ”ฌ **Clasp Therapeutics,** a Massachusetts-based biotechnology start-up developing advanced immuno-oncology drugs using T cell engagers, raised a [$150M Series A](https://www.clasptx.com/press-release-publications/clasp-therapeutics-launches-with-150-million-to-pioneer-precision-immuno-oncology-using-next-generation-t-cell-engagers-with-unparalleled-specificity?ref=newsletters.qs.com). โšก๏ธ **Blue Laser Fusion Inc.,** a California-based startup creating its own laser and fusion reactor, raised a [$37.5M Seed](https://www.finsmes.com/2024/03/blue-laser-fusion-closes-37-5m-seed-funding-round.html?ref=newsletters.qs.com). The funding will be used to finalize its first prototype. ๐Ÿฅ **PocketHealth,** a Canadian medical image-sharing platform, raised a [$33M Series B](https://www.pockethealth.com/2024/03/20/pockethealth-closes-33m-usd-series-b-funding/?ref=newsletters.qs.com) to expand across the US and Canada. ๐Ÿ‹๏ธโ€โ™‚๏ธ **Ultrahuman,** an Indian manufacturer of wearable health devices, raised a [$25M Series B](https://economictimes.indiatimes.com/tech/funding/health-device-maker-ultrahuman-raises-35-million-led-by-steadview-nexus/articleshow/108646994.cms?from=mdr&ref=newsletters.qs.com) to increase manufacturing capacity. ๐Ÿฉบ **Flosonics Medical,** a Canadian medical device company, raised a [$20M Series C](https://www.finsmes.com/2024/03/flosonics-medical-raises-20m-usd-in-series-c-funding.html?ref=newsletters.qs.com) from New Leaf Venture Partners to drive market adoption of its wearable device FloPatch. โšก๏ธ **e-peas,** a Belgian semiconductor company, raised [$19M](https://e-peas.com/news/e-peas-secures-17-5-million-funding-to-accelerate-deployment-of-its-energy-harvesting-solutions-and-expand-its-product-lines-with-ultra-low-power-processing-and-sensing-solutions/?ref=newsletters.qs.com) to expand its product portfolio. ๐Ÿ’Š **Tempo Therapeutics,** a California-based innovator in tissue engineering and regenerative medicine, raised a [$12M Series A](https://www.finsmes.com/2024/03/tempo-therapeutics-raises-12m-in-series-a-financing.html?ref=newsletters.qs.com) from Galaxy-Sirius Partners and Johnson & Johnson Innovation to advance clinical trials of its products. ๐Ÿ›ก๏ธ **The CareVoice**, a Chinese health insurance software startup, raised a [$10M Series B](https://www.thecarevoice.com/blog/the-carevoice-completes-nearly-10-million-series-b-funding-to-drive-further?categoryId=71819&ref=newsletters.qs.com) from Apis Partners to accelerate its growth. ๐ŸŒฑ **AirMyne,** a California-based greentech startup, raised a [$6.9M Seed](https://www.finsmes.com/2024/03/airmyne-raises-6-9m-in-seed-funding.html?ref=newsletters.qs.com) to expand operations. ## ๐Ÿ’ผ M&A ๐Ÿฅ **Syllable,** a California-based healthcare services company, [acquired](https://www.businesswire.com/news/home/20240320327793/en/Syllable-Corporation-Announces-Purchase-of-Actium-Health?ref=newsletters.qs.com) Actium Health, a company focusing on consumer engagement in the healthcare industry. ๐Ÿ”Œ **Global Technologies**, a New Jersey-based company that acquires and redevelops distressed companies, [acquired](https://www.globenewswire.com/en/news-release/2024/03/20/2849289/0/en/Global-Technologies-Ltd-Closes-on-the-Acquisition-of-GOe3-LLC.html?ref=newsletters.qs.com) GOe3, an Arizona-based EV charging infrastructure company. ## **๐Ÿ“…** Economic Calendar Major Interest Rate Decisions, Retail Sales Data, Inflation + More ### Thursday, March 21st 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Fed Press Conference](https://www.federalreserve.gov/) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany HCOB Manufacturing PMI (Flash), March](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ๐Ÿ‡ฌ๐Ÿ‡ง [UK BoE Interest Rate Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com) ### Friday, March 22nd 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Inflation Data, February](https://www.stat.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ฌ๐Ÿ‡ง [UK Retail Sales Data, February](https://www.ons.gov.uk/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Ifo Business Climate Index, March](https://www.ifo.de/?ref=newsletters.qs.com) ### Tuesday, March 26th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia Westpac Consumer Sentiment Index, March](https://www.westpac.com.au/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence Index, April](https://www.gfk.com/de/home?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders Data, February](https://www.census.gov/?ref=newsletters.qs.com) ### Thursday, March 28th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index Data, February](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Data, Q4](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, March 29th 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Data (Preliminary), March](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Data (Preliminary), March](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending Data, February](https://www.bea.gov/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) [](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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