JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened down 0.7% at 4272 this morning inline with regional markets.
Investors were cautious ahead of China data which could give more clues on the health of the world’s second-largest economy, Reuters reported. Chinese trade data at 0200 GMT is likely to show a further contraction in both imports and exports in August and point to a continued economic slowdown.
Meanwhile the government of Indonesia schedules to offer its bonds through auction mechanism today, targeting to raise Rp2.5 trillion.
Nymex’s crude oil dropped 4.75% to US$44.53 per barrel in Asian trading this morning and gold declined 0.42% to US$1,119.80 per ounce.
U.S. oil prices fell on Tuesday as the global economic outlook darkened further and cooperation between oil producing countries to curb oversupply looked unlikely, pulling U.S. crude prices down around three percent in early Asian trading, Reuters reported.
At Jakarta bourse, Perusahaan Gas Negara dropped further 12%, expending yesterday’s 11% fall. Japfa Comfeed also lost 4.2% and Kalbe Farma fell 3.45%.