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MSCI ratcheted up the pressure on Jakarta by announcing that it could demote Indonesia's equities to "standalone" market status, claiming the country had not done enough to crack down on coordinated trading practices in its stock market.
5 hours agoAsian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season. ...
15 hours agoIn response to the moves, the IDX Composite climbed more than 5 percent on Tuesday, rebounding from a nearly 15 percent drop over Friday and Monday. ...
1 day agoThe euro skidded while stock and bond futures slipped on Monday, as French President Emmanuel Macron called a shock election after being trounced in the European Union vote by the far-right.
2 years agoThe US dollar rebounded on Friday after data showed the world's largest economy created a lot more jobs than expected last month, suggesting that the Federal Reserve could take time in starting its easing cycle this year.
2 years agoAsian stocks are set to snap a two-week losing streak on Friday after major central banks kick-started their rate easing cycle this week, adding to expectations the US Federal Reserve could soon follow suit.
2 years agoAsian shares gained on Thursday on rising expectations the US Federal Reserve will likely cut interest rates in September, while the euro advanced ahead of the European Central Bank policy meeting where a rate cut is widely expected.
2 years agoBREN’s exclusion from the FTSE index prompted a sharp IDX Composite fall, closing at 6,947.67 on Wednesday. The move sparked a broad sell-off in today’s session.
2 years agoAsian stocks rose on Wednesday, while the dollar was steady as a softening US labor market firmed up bets of an interest rate cut in September from the Federal Reserve ahead of a crucial payrolls report this week.
2 years agoIDX Composite rose by 0.90 percent, buoyed by a drop in United States Treasury yields and varied big banks’ performances.
2 years agoA temporary HET exemption is among the measures Bapanas has deployed to keep rice supplies and prices stable amid high production costs and a shortage of the staple food due to dry weather.
2 years agoAsian share markets were mildly weaker on Tuesday as global investors consider the prospect the US economy's 'exceptionalism' is starting to unwind as manufacturing activity in the world's largest economy further weakened.
2 years agoThe recent decrease in the index has been attributed to a weakening rupiah as well as a drop in the stock prices of large market cap companies.
2 years agoAsian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.
2 years agoStandard & Poor's (S&P) decision to downgrade its rating on France's sovereign debt should in the short term deliver more political sting than pain in financial markets.
2 years agoAsian stocks rose on Friday and were poised for the fourth month of gains, while the dollar drifted lower, keeping the yen steady as investors await inflation readings from Europe and the US that will likely dictate the path of interest rates globally.
2 years agoThe IDX Composite retreated 1.49 percent, ending at 7,034.14 on Thursday, as BREN’s sharp decline and a spike in global yields contributed to market unease.
2 years agoThe minister did not specify whether the government would approve or reject the proposal from the Chinese investors to erect its cement factory.
2 years agoVinFast announced in 2022 that it would build an EV and battery factory in the United States with an annual production capacity of 150,000 vehicles, seeking to take advantage of the Biden administration's efforts to approve subsidies for EVs made in America.
2 years agoThe IDX Composite’s 1.08 percent gain reflected the market’s upbeat reaction to the ECB’s hints at future interest rate reductions.
2 years agoPresident-elect Prabowo Subianto’s plan to raise the share of crude palm oil in biofuel could cause a palm oil deficit in the country, the Indonesian Palm Oil Farmers Association (Apkasindo) has warned.
2 years agoAsian markets were mixed Tuesday as investors took a breather after the previous day's rally and as they gear up for the release of key US inflation data later in the week.
2 years agoThe Indonesia Stock Exchange (IDX) Composite index's 0.64 percent drop on Monday reflects cautious trading as IPOT notes unusual foreign fund outflows and market risks this week.
2 years agoThe national mining industry association says domestic producers are likely to miss this year's coal output target amid ongoing oversupply in the global market, and possibly see a continuing decline in production over the next two years.
2 years agoThe dollar headed for its largest weekly rise in a month and a half on Friday as surprisingly strong US economic data has left markets on edge about the outlook for US inflation and interest rates.
2 years agoMarkets fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.
2 years agoNew 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.
2 years agoAsian 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.
2 years agoThe IDX Composite index dropped 1.11% to 7,186.03 points at the close of trading on Tuesday, ahead of the long weekend.
2 years agoAsian 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.
2 years agoThe IDX Composite index ended Monday's trading down by 50.54 points, 0.69 percent, with six sector indices falling into the red zone.
2 years agoCopper 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.
2 years agoThe 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.
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