JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1.46% at 4526 Monday (Jan. 4) following global markets.
European shares fell sharply on Monday, the first trading day of 2016, as weak Chinese data weighed on world stock markets while a rebound in oil prices added to market volatility, Reuters reported.
China’s factory activity contracted for the 10th straight month in December and at a sharper pace than in November, a private survey showed, dampening hopes that the world’s second-largest economy would enter 2016 on a more stable footing.
The weak data caused Chinese and Asian shares to slump, with China’s benchmark CSI300 share index tumbling 7% on Monday, prompting the stock exchange to halt trading on it.
Adaro Energy lost 4.08%, Aneka Tambang dropped 5.73%, Alam Sutera fell 3.5%, MNC Investama shed 7.47%, Vale Indonesia slashed 6.42%, London Sumatra lost 5.3%, and United Tractors declined 5%.
Nymex’s crude oil fell 0.24% to US$36.95 per barrel while gold rose 1.07% to US$1,071.50 per ounce. The rupiah weakened to Rp13,898 against the US dollar.