JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) fell 2.45% to 4,688 this morning following regional markets.
Hong Kong’s Hang Seng dropped 2.35%, while other markets lost by more than 1%.
Asian shares tumbled to nine-month lows on Thursday as slowing Chinese manufacturing activity exacerbated sentiment already unnerved by the U.S. Federal Reserve Chairman Ben Bernanke confirming the Fed would begin reducing its stimulus spending later this year, Reuters reported.
In Jakarta bourse, banking stock led the market’s correction. Bank Negara Indonesia dropped 4.8%, Bank Rakyat Indonesia lost 4.38%, Bank Mandiri shed 4.26%, Bank Central Asia declined 2.5%, and Bank Bukopin fell 2.74%.
Blue chips stocks also declined; Astra International (-1.46%), Alam Sutera (-2.33%), Bumi Serpong (-2.69%), Lippo Karawaci (-5%), Kalbe Farma (-3%), Perusahaan Gas Negara (-2.8%), and Telkom (-3.2%).
Other losers were Trada Maritim (-1.48%), Media Nusantara Citra (-3.25%), Global Mediacom (-7.78%), Bhakti Investama (-4%), and Multipolar (-3.1%).
Nymex’s crude oil declined 0.86% to US$97.63 per barrel in Asian trading this morning.