Business · Markets · 6 hrs ago

Indonesia’s IHSG rises more than 1% in morning trading

Indonesia’s IHSG rises more than 1% in morning trading

Indonesia’s IHSG stock index rose 1.32% by 9:15 a.m.

on Tuesday, reaching 5,140.63.

Basic materials, infrastructure and property shares led the gains, with basic materials up 2%.

Shares including Bank Central Asia, Telkom Indonesia and Astra International helped lift the index.

The rise came as investors weighed signs of consumer demand and price pressures in Indonesia and abroad.

China’s consumer inflation slowed to 0.7% in October, while producer prices rose 5.7% year on year.

Markets were also watching for China’s trade data, Indonesian retail sales and US inflation, which could shape sentiment later in the day.

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