Perusahaan Gas Negara (PGN) submitted the force majeure notice to Gunvor on Nov. 3 and estimated the period would be "no less than several months of year 2024."

Brent crude, the main international contract, dropped more than two percent to hit $79.54, amid fears about global demand.

The US Federal Reserve is likely done raising interest rates to tackle inflation but probably won't cut them "in the short term," a senior policymaker said Wednesday. 

The IDX Composite dropped by 0.58 percent to 6,804.10, with most key sectors weakening.

Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge.

The IDX Composite ended Monday's trading at 6,843.79 points, down 0.51%. Among the listed stocks, 193 rose, 340 fell, and 226 remained stable.

Food prices are expected to remain high for the rest of the year as the El Niño weather phenomenon affects production in Indonesia and other countries, the National Food Agency (Bapanas) said on Monday.

Asian markets turned negative Tuesday after their latest rally as high hopes the US Federal Reserve has finished hiking rates gave way to profit-taking.

The rupiah has strengthened against the United States dollar in the past few days, following the US Federal Reserve (Fed) decision to maintain its benchmark rate on Nov. 1, which allows emerging markets including Indonesia to gain traction on capital inflows and for their currencies to appreciate.

Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism that the Federal Reserve had reached the end of its interest rate hiking cycle.

Analysts say the rise of ESG-focused investment funds and the government's energy transition pledge create upside for renewable energy stocks.

A rising number of local brands are offering beauty and grooming products that cater specifically to the needs of men, with K-pop providing much of the impetus for the change.

The Indonesia Stock Exchange (IDX) Composite continued its rally by 0.55 percent, or 37.46 points, closing at 6,788.85, marking a positive end to this week’s trading.

IDX Composite closed up 1.64 percent on Thursday, driven by global market optimism following the US Fed's decision to maintain interest rates.

Inflation, global sentiment and the Fed's stance have impacted the rupiah market and the IDX Composite.

Most Asian stocks rose Wednesday ahead of an expected pause in the US Federal Reserve's interest rate campaign, while the yen fell from its 2023 highs after Japan's top forex official said authorities were "on standby" to intervene.

IHSG closed higher despite spending the session in the red zone, gaining support from nine sectors.

IDXCarbon recorded a transaction volume of 464,843 tonnes of carbon equivalent worth Rp 29.45 billion since it was launched on September 26 up until October 27.  

The World Bank's latest Commodity Markets Outlook report noted that oil prices have risen only about 6% since the start of the Israel-Hamas war, while prices of agricultural commodities, most metals and other commodities "have barely budged."

Property players have welcomed a new set of government-funded incentives meant to reinvigorate an industry hit first by the pandemic and then by rising interest rates, but whether the sweeteners will help the apartment segment out of the doldrums remains to be seen.

Crude pared Friday's almost three percent gains as Israel's military continued air and ground operations in Gaza, though it took a more cautious approach than feared.

China's latest limit on critical mineral exports, which Beijing said is not targeted at a specific sector, has fuelled uncertainty in the global EV supply chain since it was announced last Friday.

The IHSG closed 0.66 percent higher following a sharp plunge recorded on Thursday caused by improved risk sentiment in the market.

From September 2022 to September 2023, the number of crypto investors grew by some 1.64 million, a 10.1 percent increase, Bappebti said on Thursday.

Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs US inflation was easing.

The Indonesia Stock Exchange (IDX) Composite index experienced a 1.75 percent decline on Thursday, closing at 6,714.51 with 18.55 billion shares traded.

World stock markets dived Thursday on mounting global worries and with investors on tenterhooks before a European Central Bank interest rate decision and key US data.

The Indonesian Composite Index (IHSG) concluded Wednesday's stock trading session on a positive note, closing at 6,834.388, adding 0.41 percent or 27,626 points.

The IHSG closed higher on Tuesday, after initial projections that the stock index would fluctuate as the market went into a “wait and see” mode.  

Chinese stocks rose in early trade on Wednesday after the country's top parliamentary body approved an additional 1 trillion yuan ($137 billion) sovereign bond issue to support the economy.