JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.07% at 4488 this morning but signalled a re-gain though trade would be volatile as it did yesterday.
Investors now concern on China economic slowdown and oil price drop. Nymex’s crude oil fell 1.76% to US$27.96 per barrel in Asian trading this morning while gold rose 0.16% to US$1,090.80 per ounce.
Asian share markets slipped early Wednesday as a relentless slide in oil prices wiped out an attempted rally on Wall Street and dealt a fresh blow to risk appetite, Reuters reported.
Alam Sutera fell 1.5%, Aneka Tambang lost 1.27%, Vale Indonesia declined 1.04%, Indo Tambangraya shed 1.96%, London Sumatra slashed 1.13%, and Perusahaan Gas Negara down 1.2%.