JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 1.58% to 4371 at opening trade this morning as foreign investors continues selling off local stocks.
Year to date, IDX has fallen 16.50%, ranked 13 among the global indices. Foreign investors booked net sell of Rp2.57 trillion yesterday (August 20), bringing year to date net sell to Rp3.61 trillion.
Asian stocks fell early on Friday, following Wall Street, as fears took hold of a China-led deceleration in global growth, Reuters reported.
Nymex’s crude oil fell 0.63% to US$41.06 per barrel in Asian trading this morning while gold rose 0.52% to US$1,158.20 per ounce.