JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 0.4% at 4487 this morning following regional markets.
Astra Agro fell 1.5%, Adaro Energy declined 1.2%, XL Axiata shed 2.78%, Indo Tambangraya dropped 5.1%, Indocement slashed 1.8%, Vale Indonesia slipped 1.4%, Indofood CBP down 1.75%, and Perusahaan Gas Negara lost 2%.
Asian equities came under pressure on Tuesday from a renewed selloff in oil overnight, ahead of the Federal Reserve’s monetary policy decision on Thursday this week, Cnbc.com reported.
Nymex’s crude oil fell 1.55% to US$29.87 per barrel in Asian trading this morning while gold rose 0.39% to US$1,109.60 per ounce.
Oil prices have fallen more than 75% from their 2012 peaks as global output was boosted by U.S. shale oil production and demand growth turned tepid, partially caused by the Chinese economy’s slowing growth.