Business · Markets · 1 hr ago

Jakarta’s main stock index falls 1% after opening higher

Jakarta’s main stock index falls 1% after opening higher

Indonesia’s main stock index, the IHSG, opened higher on Monday but then fell.

By 10:42 a.m.

local time, it was down 1.01% from its previous close, before recovering some ground.

The index is part of Indonesia’s financial market, which may react to developments in major economies and global events.

This week, investors are watching a meeting of the International Monetary Fund and the World Bank in Bangkok, as well as economic data from China and the United States.

China’s inflation and trade figures could offer clues about demand in a major trading partner for Indonesia.

US inflation data may influence expectations for Federal Reserve interest rates, with possible effects on the dollar, the rupiah and emerging-market shares.

The data and events are scheduled for this week, but their impact on the IHSG is not yet known.

Sources

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