Business · Markets · 1 hr ago

Indonesia’s IHSG opens down 0.61% at 5,066

Indonesia’s IHSG opens down 0.61% at 5,066

Indonesia’s IHSG stock index opened 0.61% lower at 5,066 as the trading week ended.

The index tracks shares listed on the Indonesia Stock Exchange, and its decline came amid concerns about global economic news weighing on Indonesian markets.

US inflation rose in September, while the US economy grew faster than expected in the third quarter.

Those developments could affect expectations for US interest rates and investor appetite for Indonesian assets.

The rupiah had recently weakened past 18,100 per US dollar, and Bank Indonesia said its November rate decision would depend on economic conditions rather than automatically follow the US Federal Reserve.

Investors were also watching upcoming central bank decisions and economic data, including Japan’s rate announcement and eurozone growth figures.

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