JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 2.15% at 4412 Tuesday (September 1) following regional markets.
Investors sold off stocks on concern over China as surveys showed its giant manufacturing sector shrinking at its fastest pace in three years and its services sector also cooling. Japan’s Nikkei lost 3.84%.
Adaro Energy lost 3.36%, Astra International fell 3.8%, AKR Corporindo shed 4.53%, Bank Rakyat Indonesia dropped 4.94%, Bank Negara Indonesia slashed 3.84%, and Bank Mandiri lost 4.12%.
Other losers were XL Axiata (-5%), Vale Indonesia (-9.7%), Jababeka (-3.55%), Indocement (-4.3%), Lippo Karawaci (-3.74%), and Timah (-3.3%).
Nymex’s crude oil dropped 4.15% to US$47.16 per barrel while gold rose 0.76% to US$1,141.10 per ounce. The rupiah weakened further to Rp14,081 against the US dollar.