Business · Markets · 1 hr ago

Indonesia’s Main Stock Index Falls 1.01% in Morning Trading

Indonesia’s Main Stock Index Falls 1.01% in Morning Trading

Indonesia’s main stock index, the IHSG, fell 1.01% to 6,032.32 by 10:42 a.m.

local time on Monday, October 12.

It had opened higher and briefly reached 6,128.72 before selling pushed it into negative territory.

Infrastructure shares fell 4.2%, energy shares dropped 2.2%, and basic materials shares lost 1.3%.

Shares including Barito Renewables Energy, Bank Central Asia and Bayan Resources were among those weighing on the index.

Investors are also watching major economic events this week, including the annual IMF and World Bank meetings in Bangkok.

On Wednesday, China is due to release inflation and trade figures, while the United States is due to publish inflation data.

China’s figures matter to Indonesia because it is a major trading partner and market for Indonesian commodity exports; the data may also shape investor expectations about global economic conditions.

Sources

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