Business · Markets · 15 hrs ago

Indonesia Stocks Close Lower as Brent Oil Rises Above $106 a Barrel

Indonesia Stocks Close Lower as Brent Oil Rises Above $106 a Barrel

Indonesia’s stock index fell during Tuesday’s trading before recovering much of its losses by the close.

The Jakarta Composite Index ended at 5,925, down 0.17%, after dropping as low as 5,800.

The rupiah edged up 0.06% to 17,885 per US dollar.

Brent crude climbed above $106 a barrel after Houthi forces attacked Saudi Arabia.

The attack raised concerns that global crude oil supplies could be disrupted, helping explain the rise in prices.

Market participants were watching these developments, but no further market outlook or next steps were given.

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