In late July, US President Donald Trump said Xi would visit Washington on September 24.

Currency markets treaded water in cautious trading on Thursday as investors weighed a fresh surge in oil prices and global bond yields, while the yen's powerful rally also took a breather ahead of United States PPI and inflation readings.

The Japanese yen climbed to fresh seven-month highs against the US dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week.

Entities that meet the criteria for “strategic shareholder”, such as Danantara, Bank Indonesia and the Finance Ministry, will still be permitted to hold stakes above the 5 percent cap.

Corporate earnings growth next year is projected to reach 9 percent, driven by government spending and investment.  

Stocks rose Friday and government yields held their losses after comments from top Federal Reserve officials tempered fears that the central bank would hike interest rates at its meeting this month.

The exchange, scheduled for launch next year, is President Prabowo Subianto's latest initiative to expand state influence over natural resources in a country that is the biggest global supplier of palm oil, nickel and thermal coal and a major source of copper and bauxite.

Most Asian stocks enjoyed a healthy recovery Thursday following a drab start to the week as bond yields and oil prices dropped after Donald Trump suggested the latest US attacks against Iran would likely be short-lived.

Sovereign yields are a reference point for asset prices across financial markets and the higher price of money means higher mortgage rates for consumers and tough choices for government spending as funding costs climb.

Stocks slumped in Asian trading on Wednesday as a bond market-induced selloff on global markets spilled over into the region, after renewed attacks by the United States on Iran pushed oil prices higher.

The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched 160-per-dollar level.

The Indonesia Stock Exchange (IDX) has started trials with exchange members to drop the minimum stock price floor from Rp 50 (0.28 US cents) to just Rp 1, ensuring readiness among the members and securities firms for the upcoming changes.   

Oil prices were headed for weekly losses as Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues.

Asian stocks edged higher Wednesday as oil prices extended a decline on receding concerns about another military flare-up between the United States and Iran, while traders were also nervously awaiting Nvidia's earnings and key US inflation data.

The US re-imposed its blockade of Iran's shipping and ports on July 13 as a deal to halt the war between them broke down in an attempt to cut off oil sales, Tehran's primary source of hard currency.

The lack of progress on reopening the Strait of Hormuz added to unease on trading floors, with oil prices gradually rising over the past two weeks as the United States and Iran remain deadlocked.

President Prabowo Subianto announced that Indonesia will launch the Strategic Minerals and Commodities Exchange (BMKS), set to begin operations on Jan. 1 next year.

Analysts highlighted easing uncertainty following the assessment by global index provider MSCI, along with positive sentiment surrounding President Prabowo Subianto’s annual speech, as the main drivers of the stock rally.  

Bond yields climbed on Tuesday to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a US-Iran truce expired and Tehran threatened to adopt a "fully offensive" military posture.

Iran called on the United States to accept defeat while President Donald Trump blasted Tehran as "very evil" and told Americans to brace for continued high fuel prices as a result of the war.

Asian stocks rose on Friday, poised for their strongest week in two months as benign inflation data dented expectations of an imminent US rate hike, although faltering talks to end the war in the Middle East are likely to keep risk sentiment in check.

MSCI’s move to remove and downgrade Indonesian stocks from its indexes may trigger outflows of Rp 500 billion to Rp 1 trillion, mainly affecting stocks directly impacted by the rebalancing.

The dollar nudged a little higher in Asian trade on Wednesday, receiving limited additional strength after renewed attacks on shipping in critical waterways in the Middle East, as currency markets anxiously awaited the release of inflation data later in the global day.

There have been no new initial public offerings (IPOs) by state-owned firms on the Indonesia Stock Exchange over the past three years.  

The US dollar hovered near a two-month low against major currencies on Monday as investors awaited this week's inflation data for clues on the Federal Reserve's rate path.

The dollar drifted higher against the yen and euro on Friday, building on the previous day's gains as doubts about an Iran peace deal buffed the US currency's appeal as a haven.

Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.