JAKARTA (Yosefardi) – Composite index of the Indonesia Stock Exchange (IDX) ended lower 0.94% at 4442 on Thursday (August 20) inline with regional markets.
Stocks, oil and emerging market currencies fell on Thursday as fading expectations for an imminent U.S. interest rate hike following Federal Reserve meeting minutes stoked anxiety about the health of the global economy. Shares in Asia hit a two-year low, Reuters reported.
Astra Agro dropped 5.1%, Bank Central Asia fell 3.35%, Alam Sutera declined 2.7%, Bumi Serpong Damai lost 2.98%, Eagle High Plantations shed 4.76%, Charoen Pokphand slashed 5.48%, Vale Indonesia dropped 5.42%, and Lippo Karawaci lost 4.27%.
While Timah gained 1.7%, United Tractors rose 1.6%, and Hanson International increased 1.43%.
Nymex’s crude oil fell 1.4% to US$40.69 per barrel while gold rose 0.9% to US$1,137.40 per ounce. The rupiah weakened back to Rp13,838 against the US dollar.