The MSCI world stock index hit a record high while the US dollar index inched lower on Friday after data showed that US inflation was flat in May, fueling investor optimism the Federal Reserve could begin cutting interest rates in September.

While the election is four months away, investors anticipate a Trump presidency would mean lower corporate taxes, tougher trade relations and therefore higher stock prices and bond yields.

The yen extended losses to a fresh 38-year low Friday, putting investors on guard for a possible intervention by Japanese authorities ahead of the release of key US inflation data later in the day.

Japanese authorities will take necessary actions on currencies, Finance Minister Shunichi Suzuki said on Thursday, signaling readiness to intervene in the exchange-rate market after the yen's slide to a fresh 38-year low against the dollar.

The dollar was firm on Wednesday and trading on the precipice of the 160 yen barrier as investors turned cautious and counted down to the release of US price data at the end of the week.

The IDX Composite index fell by 0.09 percent by the end of Tuesday’s trading, mainly due to weakness in seven out of 11 sectors.

Asian equities edged higher Tuesday after recent losses as investors ignored another tough day for tech titans on Wall Street that has raised concerns about a correction in markets following a string of record highs.

The IDX Composite index started the week by rising 0.13 percent, or 9.18 points, to close at 6,889.16, with eight of 11 sectors gaining.

Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure.

The world's number one economy was softening but that was not enough to help push the S&P 500 and Nasdaq to more record highs.

Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for more US policy clues, while sterling was steady before a Bank of England meeting where rates are expected to remain unchanged.

The Indonesian currency was trading between Rp 16,300 and Rp 16,400 per United States dollar on Wednesday after hitting a low of Rp 16,419 on Monday, marking its weakest point since April 2020.

Electric vehicle (EV) sales grew by over 109 percent year-on-year in the first five months of this year

A hike in production costs is to be expected in the near future, but firms are unlikely to raise their product prices anytime soon, thereby eating away at their margin in the process.

Asian shares rose to a one-month high on Wednesday, buoyed by a rally in tech stocks, while the dollar was steady as soft US retail sales data reinforced expectations of the Federal Reserve cutting rates later this year.

The Motorcycle Industry Association (AISI) is considering revising this year's sales target if monthly sales drop below 500,000 units. 

The dollar edged higher on Tuesday as traders awaited a key US retail sales report and comments from Federal Reserve officials to better gauge the timing and pace of interest rate cuts.

The supply of goats, sheep and cattle for the festival is projected to drop by between 13 and 17 percent this year from last year’s 2.7 million heads.

The IDX Composite closed this week’s trading by continuing its fall with a 1.42-percent drop on Friday, driven by concerns over the rupiah dropping below Rp 16,400 against the greenback.

The Alliance for American Manufacturing (AAM) on Friday published a report on China's excess industrial capacity that echoes concerns raised by the Biden administration and US allies in recent months, saying quick action was needed to stem a rising tide of cheap and subsidized exports that threatens US jobs.

Asian stocks fell on Friday as investors pondered the outlook for US rates after the Federal Reserve tempered its rate-cut views even as inflation came in softer than expected, while the yen was shaky before the Bank of Japan's policy meeting.

The IDX Composite index ended Thursday trading down 0.27 percent, with PT Telkom Indonesia leading the decline.

The IDX Composite index closed 0.08 percent lower on Wednesday as Morgan Stanley downgraded Indonesia’s stock market rating to "underweight".

Worries about upcoming US inflation data and the Federal Reserve's outlook for interest rates permeated Asian trading floors Wednesday, while the euro continued to struggle owing to political uncertainty in Europe fueled by shock EU election results.

Nationwide rice production is projected to be almost 2.5 million tonnes lower in the first half of this year than in the same period last year, sparking concern over full-year output as the dry season is right on the doorstep.

The IDX Composite’s drop to 6,855.69 mirrored market caution, as upcoming United States CPI data casts a shadow over investors’ sentiment.

Jokowi argued it was better for Indonesia to invest in one producer rather than constantly importing from its neighboring countries.

Asian stocks traded in a narrow range on Tuesday, as investors pondered fresh political uncertainty in European markets after right-wing gains in elections and a snap poll in France revived concerns about the cohesion of the bloc.

The IDX Composite ended Monday trading up 0.34 percent, driven by improved consumer buying power and an influx of foreign investment.

European markets sank with the euro on Monday after a win for far-right parties in EU elections and French President Emmanuel Macron's decision to call a snap parliamentary poll fueled uncertainty in the bloc.