JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.2% at 5173 this morning to tracking regional markets.
Asian shares slumped in early trading on Friday, after flaring Ukraine tensions ruined investors’ appetite for risk and bolstered the safe-haven yen, Reuters reported.
Nymex’s crude oil inched down 0.01% to US$94.54 per barrel in Asian trading and gold down 0.06% to US$1,289.60 per ounce.
Adaro Energy fell 1.14%, Bank Negara Indonesia lost 1.38%, and Global Mediacom declined 1.8%.
However foreign investors continue buying local stocks as they welcome the new government’s plan to cut fuel subsididy by increasing the fuel price. They booked net buy of Rp198.5 billion in stocks trading on Thursday (August 28).