JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) opened higher 0.63% at 4550 this morning while Asian shares opened mixed ahead of China data barrage.
With many investors still struggling to assess the true extent of slowdown in China, a set of economic indicators from China due at 10:00 a.m. (0200 GMT) is the biggest focus, Reuters reported.
The data includes July-September GDP, September industrial production and retail sales.
Economists expect growth in China to have slowed to 6.8 percent in the previous quarter, which would be the weakest reading since the first quarter of 2009, from 7 percent in the second quarter.
Nymex’s crude oil rose 1.37% to US$47.51 per barrel in Asian trading this morning while gold fell 1.1% to US$1,174.50 per ounce.
At Jakarta bourse, Adaro Energy gained 2.34%, Astra International rose 2.38%, Alam Sutera hiked 2.67%, and XL Axiata lifted 2.93%.