JAKARTA (Indonesia Today) – Composite index of the Indonesia Stock Exchange (IDX) ended down 1% to 4,268.23 on Monday (Oct 8) following the falls in regional and European markets.
European stocks fell on Monday as concerns over the global economic outlook and its impact on the coming corporate earnings season weighed on investor sentiment, Reuters reported.
The World Bank cut its estimate for East Asian growth including for China, and this has undone some of the positive sentiment that followed Friday’s sharp drop in U.S. unemployment for September.
In Asia, Singapore’s Straits Times lost 1.05%, Korea’s KOSPI fell 0.67%, India’s BSE shed 0.87%, Shanghai slipped 0.56% and Australia’s All Ordinaries down 0.26%.
In Jakarta bourse, Gading Development dropped 11.27%, Agis fell 1.79%, United Tractors lost 3.89%, Kalbe Farma declined 1.04%, Nirvana Development shed 8.93%, BW Plantation inched down 0.68% and Astra International fell 2.44%.
Nymex crude oil declined 1.67% to US$88.37 per barrel. The rupiah was traded flat at Rp9,590 against the US Dollar. (hans@theindonesiatoday.com)