JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) dropped 3.4% to 4186 at early trade this morning as market was on panic selling following regional and Wall Street drops.
Asian stocks and oil fell on Monday after Wall Street suffered another bruising blow as deepening concerns over the slowing Chinese economy continued to unnerve global equity markets, Reuters reported.
China’s SSE also dropped 8.42%, Hong Kong’s Hang Seng fell 4%, and Japan’s Nikkei declined 2.86%.
Nymex’s crude oil dropped 3.9% to US$39.71 per barrel in Asian trading this morning while gold rose 0.51% to US$1,158.10 per ounce.
Astra Agro dropped 9.06%, Aneka Tambang fell 6.34%, Alam Sutera lost 7.95%, Bumi Serpong Damai shed 8.1%, Eagle High Plantation slashed 8.6%, Charoen Pokphand declined 8%, Vale Indonesia dropped 11.64%, Jababeka fell 8.68%, and Perusahaan Gas Negara lost 11.1%.
Other falling stocks were Japfa Comfeed (-10.8%), Media Nusantara Citra (-12.3%), Sentul City (-13%), and PTPP (-7.8%).
While rupiah reached Rp14,000 per US dollar, weakened 0.66% this early morning, Bloomberg reported.