JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) closed higher 1.4% at 4178, regained from earlier losses. The index touched its lowest at 4033 in today’s trading.
The investors at the Jakarta bourse welcome the government’s economic policy package for phase 2 scheduled to be announced today.
While Japan’s Nikkei dropped 4.05%, Hong Kong’s Hang Seng fell 2.97%, Australia’s All Ordinaries lost 3.63%, and China’s SSE declined 2.02%.
Asian stock markets tumbled as fears about China’s cooling economy rippled through global markets, Reuters reported.
Astra International gained 2.4%, Bank Central Asia rose 3.7%, Bank Negara Indonesia hiked 3.3%, Bank Mandiri lifted 3.3%, Bumi Serpong Damai jumped 7.6%, XL Axiata increased 3.85%, Gudang Garam surged 5.56%, Indofood CBP soared 9.3%, and Indofood gained 5.88%.
Other gainers were Indo Tambangraya (+5.26%), Kalbe Farma (+6.08%), Unilever Indonesia (+5.26%), and Surya Citra Media (+3.79%).
Nymex’s crude oil rose 0.86% to US$44.81 per barrel while gold fell 0.57% to US$1,125.20 per ounce. The rupiah weakened further to Rp14,728 against the US dollar.