Business · Markets · 14 hrs ago

Indonesia’s Stock Index Turns Lower After Early Gains

Indonesia’s Stock Index Turns Lower After Early Gains

Indonesia’s Jakarta Composite Index opened higher on Oct.

14, then reversed direction during morning trading.

The index, known as the IHSG, tracks shares traded on the Indonesian stock market.

By 9:05 a.m.

local time, it was down 0.01% from the previous trading day.

It had earlier reached 5,952.93 before falling as low as 5,917.47.

The index has fallen 31.44% since the start of the year and was down 25.31% compared with a year earlier.

The figures show that the market’s broader decline continued despite its early rise.

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