JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened up 0.42% to Rp4,452 this morning, regained ground from Monday’s 3.68% drop.
Regional market also rebound. Japan’s Nikkei and Australia’s All Ordinaries rose 1.19% and 1.17% respectively. While Shanghai and India’s BSE were remain in red.
Asian shares posted gains on Tuesday, tracking a rally in Wall Street shares spurred by strong U.S. job data last week, but investors were nervous over Beijing’s new drive to reform credit to restructure the economy, Reuters reported.
Meanwhile, Nymex’s crude oil declined further 0.16% to US$102.97 per barrel in Asian trading this morning.
In Jakarta bourse, banking stocks led market’s gain while property stocks were remain under selling pressure.