New Caledonia holds the world's fifth largest reserves of nickel, a metal mainly used in stainless steel and increasingly for electric vehicle batteries, and in 2023 ranked No. 3 globally in terms of mined nickel.

Asian investors fought Wednesday to revive a recent rally across markets as they turned their focus on the release later in the day of earnings from US tech darling Nvidia.

The IDX Composite index dropped 1.11% to 7,186.03 points at the close of trading on Tuesday, ahead of the long weekend.

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.

The IDX Composite index ended Monday's trading down by 50.54 points, 0.69 percent, with six sector indices falling into the red zone.

Copper and gold made record highs in Asia trade on Monday and silver surged over $30. The breakout gains were all the more noteworthy while bonds and currencies settled into ranges and with uncertainty rather than optimism on the outlook.

The state-owned oil and gas giant's renewable energy arm is aiming to increase capacity at its geothermal plants to capitalize on future growth in both carbon credit demand and prices.

Asian stocks inched lower on Friday as traders pondered the near-term US monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.

Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year.

Asian markets wobbled Wednesday ahead of key US inflation data later in the day, with traders struggling to pick up the baton after a record performance on Wall Street.

Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated US inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying program.

The IDX Composite began the week positively on Monday, ending at 7,099.26, up 10.47 points or 0.15 percent from the previous trading session.

Asian shares crept to 15-month highs on Monday in a week where inflation figures could make or break hopes for earlier US rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy.

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.

The IDX Composite dipped by 0.17 percent to 7,123.61 following fluctuations on Tuesday while its international counterparts saw more positive trends.

Asian 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.

The 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.

Most 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.

The IDX Composite closed at 7,134, up by 0.24 percent on Friday, contrasting with most Asian stock markets.

The 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.

Asian 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.

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.

Asian 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.

Asian 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.

The 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.

The 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.

The 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.

Asian 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.

The 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.

Companies in the sectors of property, banking, FMCG as well as pulp and paper often issue dollar bonds.