The Indonesia Stock Exchange (idx.co.id)

Investors played the '€œwait and see game'€ in Thursday'€™s trading, causing the rupiah to retreat by 0.48 percent to Rp 13,887 while the Jakarta Composite Index (JCI) only had a 0.1 percent increase to 4,491.43.

A researcher and analyst at BNI'€™s treasure division, Trian Fathria, said that the rupiah depreciated along with other Asian currencies, as the US'€™ Federal Open Market Committee (FOMC) would release its meeting minutes on Thursday night (Jakarta time).

"The wait and see approach ahead of the FOMC minutes release was preventing the rupiah from strengthening. The release of the FOMC minutes along with US unemployment data, which showed a drop from 277,000 to 274,000, will drag down the rupiah on Friday," he said as quoted by kontan.com.

The investors, he continued, also reacted negatively to the decrease of Indonesia's September foreign exchange reserve to US$101 billion, from the previous month when it was $105.3 billion.

At the Indonesia Stock Exchange (IDX), 142 stocks increased, 138 stocks declined and the remaining 95 were unchanged. The transaction volume reached 5.67 billion shares, with the transaction value totaling to Rp 5.46 trillion.

Six sectoral indices moved up, led by Miscellaneous Industrial Index (2.47 percent), Finance Sector Index (0.62 percent) and Manufacture Sector Index (0.26 percent)

The majority of stock markets in Asia dropped on Thursday. The MSCI Asia Pacific Index decreased 0.4 percent to 131.14 as of 4 p.m. (local time). Hong Kong'€™s Hang Seng Index retreated 0.7 percent, Singapore'€™s Straits Times Index was down by 0.4 percent, but South Korea'€™s Kospi gained 0.7 percent. (ags/bbn)

Popular

To my horror, it’s just a movie!

RI, Australia strengthen partnership on taxing crypto assets

Pentagon chief congratulates Prabowo on being elected President