The Jakarta Composite Index may consolidate on Wednesday after rising more than 340 points, or 5.9 percent, over five straight sessions to close at 5,986.50. The index jumped 70.43 points, or 1.19 percent, on Tuesday, led by financial, cement, and resource stocks. Global cues are soft after renewed Middle East hostilities sent oil prices sharply higher, with West Texas Intermediate crude for August delivery up $2.01, or 2.93 percent, to $70.56 per barrel. On Wall Street, the Dow fell 130.76 points to 52,925.15, the NASDAQ slumped 302.47 points to 25,818.69, and the S&P 500 lost 33.58 points to 7,503.85, as a 4.7 percent drop in the Philadelphia Semiconductor Index weighed on tech shares.