The IDX Composite dropped by 116.77 points, or 1.61 percent, on Thursday to close at 7,117.42 as the Fed delayed an expected interest rate decision.
13 hours agoAsian stocks and US futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected intervention from Japan. ...
21 hours agoAsian stocks inched higher on Tuesday as investors awaited a slew of economic data, corporate earnings and the US Federal Reserve's policy meeting, while the yen was slightly weaker a day after suspected intervention rescued it from 34-year lows. ...
2 days agoThe IDX Composite closed notably higher on Monday, with a rise of 1.7 percent to 7,155.78, and crossed over the psychological level of 7,100 as investors took a cautious stance.
3 days agoThe government needs to boost its biodiesel subsidy budget 55.5 percent for a total allocation of Rp 28.5 trillion (US$1.75 billion) due to a projected gap in global prices for diesel and biodiesel this year, according to the oil palm funding agency's estimate.
3 days agoThe Japanese yen surged 5 yen against the dollar in Asian trading on Monday, with traders citing heavy dollar-selling intervention by Japanese banks after the currency fell to fresh 34-year lows earlier in the day.
3 days agoAsian stocks got off to a positive start on Monday ahead of the Federal Reserve's policy meeting later in the week, while the dollar broke past the psychologically key level of 160 yen for the first time in decades.
3 days agoThe IDX Composite closed significantly lower on Friday's trading session, dropping 119.21 points or 1.67 percent to 7,036.07, marking the year’s new low.
6 days agoCompanies in the sectors of property, banking, FMCG as well as pulp and paper often issue dollar bonds.
1 week agoThe majority of sectors were down at the close of trade on Thursday.
1 week agoAsian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the specter of intervention from Tokyo.
1 week agoThe IDX Composite closed 0.9 percent higher at 7,174.53 on Wednesday, following the official announcement of the president and vice president for the 2024-2029 term and Bank Indonesia’s decision to raise its benchmark interest rate.
1 week agoThe Indonesia Stock Exchange (IDX) Composite closed up 36.99 points, or 0.52 percent, on Tuesday, ending the day’s trading session at 7,110.81.
1 week agoAsian shares extended gains on Tuesday, taking cues from Wall Street as focus shifts to earnings results from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.
1 week agoThe IDX Composite ended Monday's trading 0.19 percent lower amid rising Iran-Israel tension and speculation swirling around the Fed's potential rate cuts.
1 week agoState-owned oil and gas company Pertamina said that it is exploring alternative shipping routes and sources for crude oil imports to mitigate a possible disruption in the flow of oil shipping.
1 week agoAsian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets.
1 week agoAsian shares and bond yields sank on Friday while the dollar, yen, oil and gold surged after reports of a sharp escalation in Middle East hostilities.
1 week agoAris Toharisman, secretary-general of the Indonesia Sugar Association (AGI), does not rule out the possibility of rising prices for the imported commodity, even though global supply pressure remains manageable.
2 weeks agoThe IDX Composite (IHSG) strengthened by 0.50 percent to 7,166 on Thursday. The financial, infrastructure and non-primary consumer goods sectors supported the positive movement.
2 weeks agoAsian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.
2 weeks agoThe rupiah has been on a downward slope in the past week amid uncertainty about US monetary policy and geopolitical conflicts. Analysts do not rule out a historic low for Indonesia’s currency.
2 weeks agoThe government has speculated that world crude oil prices could reach US$100 per barrel as the Middle East conflict escalates.
2 weeks agoAsian shares were mixed on Wednesday as the world's most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies.
2 weeks agoIndonesia is unlikely to enjoy a 2022-level commodity boom this year despite China’s recovering growth and geopolitical tensions.
2 weeks agoA decline exceeding 2 percent is rare for the rupiah, which has seen an average movement of only 0.02 percent over the past year.
2 weeks agoThe dollar rose to a five-month high against major peer currencies on Tuesday following hotter-than-expected US retail sales figures, raising worries of an intervention from Tokyo as the yen languished at its lowest since 1990.
2 weeks agoAsian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.
2 weeks agoThe domestic car market remains in the doldrums with a strong year-on-year (yoy) decline, but the industry sees signs of a possible rebound in March's wholesale and retail figures.
2 weeks agoA rally in the US dollar is accelerating, as stubborn inflation sows doubts over how aggressively the Federal Reserve will be able to cut rates this year compared to other central banks.
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