Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing US labor market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data.
2 days agoThe IDX Composite dipped by 0.17 percent to 7,123.61 following fluctuations on Tuesday while its international counterparts saw more positive trends. ...
5 days agoAsian shares made 15-month highs on Tuesday on renewed confidence of US interest rate cuts, while traders waited on a policy meeting in Australia later in the day and had a close eye on a falling yen. ...
5 days agoThe IDX Composite kicked off the new week with a slight 0.02 percent uptick on Monday, buoyed by Indonesia’s strong economic performance in the early months of 2024.
6 days agoMost Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
6 days agoThe IDX Composite closed at 7,134, up by 0.24 percent on Friday, contrasting with most Asian stock markets.
1 week agoThe yen was headed for its best week in more than a year on Friday, helped by Tokyo's suspected intervention this week to pull the Japanese currency away from 34-year lows, which also left the dollar broadly on the back foot.
1 week agoAsian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.
1 week agoThe 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.
1 week 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.
1 week 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.
1 week 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.
1 week 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.
1 week 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.
1 week 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.
1 week 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.
2 weeks agoCompanies in the sectors of property, banking, FMCG as well as pulp and paper often issue dollar bonds.
2 weeks agoThe majority of sectors were down at the close of trade on Thursday.
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
2 weeks 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.
3 weeks 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.
3 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.
3 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.
3 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.
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