JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 1.8% at 4465 Monday (Jan. 11) inline with regional markets.
China’s stock benchmark plunged more than 5% and other Asian markets fell Monday as Wall Street’s decline and doubts about Beijing’s economic management kept appetite for riskier assets such as stocks in check, AP reported.
AKR Corporindo dropped 5.25%, Bank Danamon lost 4.76%, Bumi Serpong Damai declined 3.8%, XL Axiata shed 4.24%, Vale Indonesia fell 3.3%, Indocement slashed 4.1%, and Semen Indonesia declined 2.5%.
Nymex’s crude oil dropped 2.3% to US$32.40 per barrel while gold rose 0.23% to US$1,100.40 per ounce. The rupiah weakened to Rp13,935 against the US dollar.