Asian markets dipped Monday as investors look ahead to the release this week of key US inflation data that could provide a guide for the Federal Reserve's plans for interest rates going into the new year.

Many businesses in Indonesia remain under family control, but investment bankers say the segment offers ripe pickings for corporate action including initial public offerings (IPOs) once a new mindset – or a new generation – takes hold.

The IDX Composite closed at 7,009.63 on Friday with signs of the market shifting to bonds until 2024.

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

The IHSG surged 1.41 percent, closing at 7,004.34 on Thursday, as the central bank maintained the BI seven-day reverse repo rate at 6 percent.

Asian shares were flat on Thursday with markets holding onto their gains for the week as confidence grows that interest rates globally will head lower next year, while oil prices fell on the prospects for smaller-than-expected output cuts by OPEC+.

Oil extended losses Thursday after OPEC announced the shock delay of a key policy meeting, suggesting fresh upheaval in the bloc, while equities struggled after two US reports dented recent euphoria over the future of interest rates.

The government has opted to extend its in-kind rice aid program to June of next year, but a farmers’ association has warned that the policy could harm the farmgate price of the commodity, negatively affecting domestic producers.

The Indonesia Stock Exchange (IDX) Composite dropped 0.47 percent to 6,961.79 on Tuesday. The market is awaiting third quarter current account data and a Bank Indonesia rate decision.

The government plans to build a sugar factory in the special economic zone (SEZ) of Merauke to boost domestic production.

The Indonesia Stock Exchange (IDX) Composite had a positive start to the week, rising 0.25 percent, or 17.22 points, to close at 6,994.89 on Monday.

Asian stocks mostly rose Monday following small gains on Wall Street as investors grow increasingly optimistic that the Federal Reserve has come to the end of its interest rate hiking cycle.

The Indonesia Stock Exchange (IDX) Composite index rose 0.28 percent on Friday to close out the trading week. 

As of September, the majority of Indonesia’s government debt is dominated by government bonds (SBN) at 88.86 percent.

Asian stocks fell Friday as a rally fueled by the likely end of US interest rate hikes ran out of puff, while Alibaba dragged Hong Kong down after saying it would cancel the planned spinoff of its cloud computing arm.

The index dropped by 0.2 points to 6,958.01 after a three-day rally. Seven sectors declined, led by property and real estate.

The IHSG continues its rally for the third consecutive day, rising past the 6,900 band on Wednesday.

The motivation to export to China's vast population and middle-income group was behind the decision to partake for the sixth time in the China International Import Expo (CIIE), held in Shanghai, which wrapped up last week, Ambassador DJauhari Oratmangun said.

IHSG rose by 0.35 percent to 6,862.05, driven by gains in 10 of 11 sectors, including transportation and health.

The latest data from Gaikindo reveal that this year’s national car sales remain significantly behind the 2022 record, reaching 836,049 as of October.

The IHSG closed Monday's trading session up  0.43 percent or 20.04 points, at 6,838.81, with a total transaction value of Rp 7.28 trillion (US$458.3 million).  

The Japanese yen hit a fresh one-year low against the dollar on Monday, as traders awaited another batch of US inflation data that is expected to offer further clues this week on whether the Federal Reserve has more work to do to tame price pressures.

The IDX Composite fell 0.42 percent on Friday, closing at 6,809.26 after Thursday's rebound at 6,838.23.

Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from US Fed Chair Jerome Powell extinguished expectations of a peak in interest rates.

The IDX Composite rose by 0.50 percent to close at 6,838.23, marking a positive recovery after a two-day drop.

The state agency tasked with importing an additional 1.5 million tonnes of rice this year has said it would miss this target by 500,000 tonnes, partly due to capacity constraints at the country's ports.

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.