JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped further 1.83% to 4044 this morning, after 2.1% drop yesterday on China factor.
Asian shares skidded to three-week lows and the dollar sagged on Tuesday, after weak Chinese data rekindled worries about its fragile economy and led to sharp losses on Wall Street, Reuters reported. Japan’s Nikkei lost 3.15%, Hong Kong’s Hang Seng fell 3.4%, and China’s SSE declined 1.3%.
Moreover, investors are in a ‘wait and see-mode’ ahead of the release of key Chinese data on Thursday. These data are the official September purchasing manufacturing managers’ index (PMI) as well as the final Caixin/Markit PMI.
Nymex’s crude oil inched up 0.07% to US$44.46 per barrel in Asian trading this morning and gold inched up 0.04% to US$1,132.10 per ounce.
Adaro Energy dropped 4.5%, Astra Agro lost 4.5%, Alam Sutera shed 4%, Bank Danamon slashed 5.7%, Bumi Serpong Damai lost 4.2%, Eagle High Plantations dropped 6.8%, Lippo Karawaci declined 4.46%, Semen Indonesia lost 4.37%, and United Tractors dropped 6%.