A man walks past an electronic sign displaying stocks at Exchange Square in Hong Kong, China, on June 20, 2023.

Asian markets bounce from selloff as US jobs beat forecasts

Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.

1 day ago

Markets

Asian markets tumble as tech bubble fears grow

Tech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. ...

2 days ago

Markets

OPEC+ further hikes oil output

The eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production. ...

4 days ago

The Latest

Attendees look at stock trading movements on Jan. 2, 2024, during the opening trade ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite closed down 0.13 percent at 7,339.64 on Feb. 22, 2024, with nine sectoral indices gaining.

Markets

IDX Composite slips 0.13% despite sectoral resilience

The IDX Composite closed down 0.13 percent at 7,339.64 on Thursday, with nine sectoral indices gaining.

1 year ago

This aerial picture taken on August 4, 2021, shows a suburban housing complex for residents in Jakarta.

Markets premium

BI notes property price increase in Q4 2023

A Bank Indonesia survey found that property prices increased by 1.74 percent year-on-year in the fourth quarter of 2023.

1 year ago

Passersby walk past an electric screen displaying a graph showing Japan's Nikkei share average movements outside a brokerage in Tokyo on Feb. 13, 2024.

Markets

Japan's Nikkei nears record peak after Nvidia beat, rest of Asia muted

Japan's Nikkei share average climbed to the cusp of an all-time peak on Thursday after unexpectedly strong revenue forecasts from US chip designer Nvidia lifted Asian tech stocks.

1 year ago

Attendees look at stock movements on Jan. 2 during the opening ceremony of the Indonesia Stock Exchange (IDX) for 2024 at the bourse in Jakarta.

Markets

IDX Composite dips 0.05% as central bank keeps key rate at 6%

The IDX Composite saw a slight dip of 0.05 percent to 7,349.02 on Wednesday, after the central bank decided to maintain its benchmark rate at 6 percent.

1 year ago

President, Joko “Jokowi” Widodo autographs a VinFast VF 5 EV SUV at the VinFast booth during IIMS 2024.

Markets premium

Indonesia eyes 50,000 electric car sales this year as incentives roll out

Last year, 17,000 electric vehicles (EVs) were sold wholesale nationwide, according to the Association of Indonesian Automotive Manufacturers (Gaikindo).

1 year ago

People look at stock prices at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite bounces back with 0.77% gain on Tuesday

The Indonesia Stock Exchange (IDX) Composite rebounded by 0.77 percent on Tuesday to close at 7,352.60 after facing early-week setbacks.

1 year ago

A worker carries a bag of rice at the Cipinang Central Rice Market in East Jakarta on March 15, 2021.

Markets premium

Indonesia to import rice from Thailand to fight shortages, rising prices

The National Food Agency (Bapanas) is planning to import 2 million tonnes of rice from Thailand to combat shortages and skyrocketing prices across the country, the agency’s chief secretary Sarwo Edhy said on Sunday.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite dropped by 0.53 percent to 7,296.70 on Feb. 19, 2024, as investors await Bank Indonesia's interest rate decision this week.

Markets

IDX Composite dips 0.53% ahead of central bank’s policy meeting

IDX Composite drops by 0.53 percent to 7,296.70, as investors await Bank Indonesia's interest rate decision this week.

1 year ago

General view of the financial district of Lujiazui in Pudong district in Shanghai on Dec. 6, 2023.

Markets

Asian stocks mostly up as China enjoys Lunar New Year bump

Mainland Chinese stocks were buoyant after Lunar New Year as figures showed holiday spending surged past pre-pandemic levels, leading gains in most other Asian markets on Monday.

1 year ago

Two workers walk on Jan. 4, 2022 past a coal barge at a coal terminal in Palembang, South Sumatra.

Markets premium

Indonesian coal to see export slump, possible output cuts: Experts

Many analysts expect Indonesia's coal exports to experience a slump and miners to slash production to adjust costs amid low global prices due to market oversupply.

1 year ago

Markets

IDX Composite ends election week upbeat

The IDX Composite concluded this week at 7.335,54 on Feb. 16, 2024, adding 0.44 percent, due to the market optimism after Wednesday’s election.

1 year ago

Workers transport rice at Cipinang Central Rice Market in East Jakarta, on March 15, 2021.

Markets premium

Jokowi blames floods for rice shortages

The National Police have been deployed to monitor rice distribution in the country.

1 year ago

All about money: A teller shows a customer rupiah bank notes on Oct. 30, 2023, at Bank BSI in Jakarta. The Indonesian currency opened lower at Rp 15,666 against the greenback on Feb. 16, 2024.

Markets premium

Rupiah weakens against US dollar in the wake of election

Amid a weakening rupiah and cautious investor sentiment after the release of trade balance data, market players are waiting for United States retail sales figures, anticipating further currency fluctuations.

1 year ago

Made in Indonesia: Cars bound for export sit parked on Dec. 15, 2023, at a facility belonging to PT Indonesia Kendaraan Terminal in Tanjung Priok, Jakarta. Indonesian car exports were up 10.6 percent in the January to November period from the same period last year.

Markets premium

Indonesia eyes 20 percent increase in car exports amid decline in local sales

The Industry Ministry hopes to ship 600,000 units from Indonesia this year, 100,000 units more than last year.

1 year ago

Pedestrians walk past the Bombay Stock Exchange (BSE) building in Mumbai on January 23, 2024. India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing global investor optimism about New Delhi's economic prospects, Bloomberg said on Jan. 23.

Markets

Asian markets rally after Wall Street highs

Asian markets rose Friday, supported by Wall Street and eurozone records, as traders shrugged off weak US retail sales and recession in Britain and Japan.

1 year ago

Presidential candidate pair Prabowo Subianto (left) and Gibran Rakabuming Raka walk on stage during the third 2024 presidential election debate at Istora Senayan in Jakarta on Jan. 7, 2024. The third debate covered issues of international relations, defense and security.

Markets premium

Indonesia expects to see foreign inflows following Prabowo’s one-round win

Investors expect policy continuity after Prabowo secured nearly 60 percent of the vote based on preliminary election results.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) rebounded after a recent decline, surging by 1.3 percent to close at 7,303.28 at the end of trading on Feb. 15, 2024.

Markets

IDX Composite soars by 1.3% in line with election optimism

The Indonesia Stock Exchange (IDX) Composite (IHSG) rebounded after a recent decline, surging by 1.3 percent, closing at 7,303.28 at the end of trading on Thursday.

1 year ago

Markets

Asian stocks rise, dollar eases as markets weigh US rate outlook

Asian stocks rose on Thursday, with the Nikkei breaching a new 34-year peak, while the dollar took a breather near a three-month high as markets assess when the Federal Reserve is likely to start its easing cycle after a run of strong economic data.

1 year ago

People walk outside the Bank of England in the City of London financial district of London on May 11, 2023.

Markets

Stocks extend slide; dollar rides Treasury yields higher

Asian shares extended a global sell-off on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and scale of rate cuts by the Federal Reserve this year.

1 year ago

A delivery worker pulls pallets up a street in the rain in Hong Kong on Oct. 18, 2023.

Markets

Asia tracks Wall St retreat as US inflation dents rate cut hopes

Asian equities sank Wednesday, tracking a sell-off on Wall Street, as a forecast-topping US inflation report dealt a hefty blow to hopes for an early interest rate cut.

1 year ago

People look at a screen displaying stock prices during a ceremony to open the trading day on the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite drops 1.20% on Tuesday

The IDX Composite closed 1.20 percent lower on Tuesday, ahead of the 2024 general election and amid United States inflation data.

1 year ago

Motorists fill up on Pertamax-branded fuel at a gas station in Jakarta on Nov. 21, 2017.

Markets premium

Fuel oil price on upward trajectory in 2024, govt says

The Energy and Mineral Resources Ministry expects prices of nonsubsidized fuel oil to rise throughout the year as geopolitical risks linger.

1 year ago

Representations of virtual currency Bitcoin are seen in this illustration picture taken on March 13, 2020.

Markets

Bitcoin breaks $50,000 for first time since 2021

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.

1 year ago

Several pieces of heavy equipment owned by PT Berau Coal conduct coal mining activities on March 4, 2022, at the Binungan mine in East Kalimantan.

Markets premium

Heavy equipment sales take a dive as commodity prices plunge

Diversifying sales to the construction sector may help heavy equipment firms stay afloat.

1 year ago

A customer checks the quality of rice at Cipinang Market in East Jakarta in October 2022.

Markets premium

Rice vanishes from shelves amid delayed harvest

The National Food Agency (Bapanas) has pledged to accelerate rice distribution in response to President Joko “Jokowi” Widodo’s order to “flood the market”.

1 year ago

Attendees look at a display of stock prices at a ceremony to open the trading day at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite rises 0.86% on Monday ahead of election

The IDX Composite closed 0.86 percent higher on Monday, as the market was in “wait-and-see” mode ahead of the general election on Wednesday.

1 year ago

Electrifying: The Esemka Bima electric vehicle produced by domestic carmaker Esemka is displayed at the Indonesia International Motor Show in Jakarta on Feb. 16, 2023.

Markets premium

Car sales plummet 26 percent year-on-year in January

The Indonesian Automotive Manufacturers Association (Gaikindo) has attributed the decline to weakening economic sentiment.

1 year ago

Workers complete the production of knitwear at the Rajong Binong Jati Center, Bandung, West Java, on June 6, 2020.

Markets premium

Textile industry warns of production halt following import restrictions

Countries supplying Indonesia with mono-ethylene glycol (MEG), a material to produce polyester, have halted their shipments until they receive clarity regarding permits from the government.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesi Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite fell by 0.17 percent on Feb. 7, 2024, as the market assessed Indonesia’s foreign exchange reserves data and China’s economic policy trends.

Markets

IDX Composite concludes short trading week down 0.17%

IDX Composite fell by 0.17 percent on Wednesday as the market assessed Indonesia’s forex reserves data and China’s economic policy trends.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Tuesday, Jan. 2, 2024.

Election Updates

No trading on Indonesia Stock Exchange on election day

Trading optimism has plunged this month as the market anticipates the Feb. 14 general election, the volatile rupiah and US monetary policy uncertainties.

1 year ago

Page: 23