JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened lower 2.83% at 4311 this morning, following regional markets. Japan’s Nikkei and Hong Kong’s Hang Seng dropped 2.7% and 2.2% respectively.
Asian shares took a beating and the yen raced to a seven-week high against the dollar on Monday, as emerging markets remained under pressure with the U.S. Federal Reserve poised to continue tapering its stimulus and tighter credit conditions in China raising fears of a slowdown, Reuters reported.
Nymex’s crude oil declined 0.19% to US$94.76 per barrel in Asian trading. Gold increased 0.5% to US$1,264.30 per ounce.
In Jakarta bourse, blue chip stocks lead market’s fall this morning opening. Adaro Energy fell 3.85%, Aneka Tambang declined 2.88%, Astra International lost 2.68%, and Bumi Resources lost 2.4%.
Banking stocks also lost; Bank Rakyat Indonesia declined 3.87%, Bank Negara Indonesia lost 3.6%, Bank Central Asia dropped 3.69%, and Bank Mandiri fell 4.6%.
Among property stocks, Alam Sutera dropped 4.3%, Bumi Serpong Damai lost 5.56%, and Lippo Karawaci fell 3.57%.
Other losers were BW Plantation (-2.34%), London Sumatra (-2.84%), Jababeka (-2.83%), Kalbe Farma (-3.19%), Perusahaan Gas Negara (-2.98%), and Telkom (-2.04%).
Meanwhile Adhi Karya dropped 4.5%, Waskita Karya lost 5.56%, Wijaya Karya fell 3.65%, Multipolar declined 2.8%, Matahari Putra Prima dropped 3.24%, and Hanson International down 2.54%.