A worker watches President Prabowo Subianto’s State of the Nation address on Friday on a smartphone at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite index briefly reached an all-time high above 8,000 points during intraday trading as the President delivered his speech.

IDX Composite index briefly breaches 8,000 to set new all-time high

The country’s most-watched stock market index closed the day down 0.41 percent after briefly hitting an intraday all-time high of 8.017 points.

16 hours ago

Markets

Asia markets stumble as hot PPI print reins in Fed rate cut hype

Stocks in Asia made an uneven recovery as higher-than-expected producer price inflation dampened expectations of a jumbo rate cut at the Federal Reserve's September meeting, while US bonds and equity futures stabilized. ...

1 day ago

Markets

Dollar struggles as Fed rate-cut bets build, bitcoin soars to record

The US dollar languished at multiweek lows versus major peers on Thursday as traders ramped up bets for the Federal Reserve to resume reducing interest rates next month. ...

1 day ago

The Latest

A pedestrian walks past an electronic quotation board displaying the closing share prices of the Tokyo Stock Exchange in Tokyo, Japan, on Feb. 7, 2022.

Markets

Asian markets extend gains after Wall Street rally

While there remains concern about the war in Ukraine, analysts said some confidence had seeped back into trading floors.

3 years ago

A visitor observes an electronic board showing movements on the Jakarta Composite Index at the Indonesia Stock
Exchange in Jakarta.

Markets

Asian miners' shares lead gains as war and rate hikes rattle nerves

Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive United States (US) rate hikes and war disrupting oil supplies.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, United States on Aug. 19, 2021.

Markets

Shares in sober mood, yen near six-year low

Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.

3 years ago

Medical workers arrive before the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.

Markets

Wall Street stocks, oil prices rise after aggressive Fed hike outlook

US Treasury yields held just below three-year highs on Thursday and the closely-watched yield curve steepened, after earlier sitting at its flattest level in more than two years.

3 years ago

A pedestrian wearing a face mask walks past an electronic board displaying the closing numbers of Nikkei 225 index in Tokyo on November 9, 2020, as Asian markets react to results of the US presidential election.

Markets

Tokyo's Nikkei index up 3% on Fed rate hike

The Nikkei rose 3.14 percent or 808.34 points to 26,570.35 in the first 15 minutes of trading, while the broader Topix index added 2.39 percent or 44.35 points to 1,897.60.

3 years ago

People cross a street in the financial district in Hong Kong, China, on March 15, 2022.

Markets

Asian markets bounce on bargain-buying

Asian markets saw a much-needed bounce Wednesday as Hong Kong's tech giants led a rally in the city after their recent rout, while oil prices rose back above $100 but remain pressured by concerns over demand from China.

3 years ago

This photo taken on March 16, 2020, shows a man holding up soybeans imported from the United States. Indonesia uses imported soybeans to produce tempeh and tofu.

Markets

Argentina suspends soyabean exports as prices rise

The policy gives regulators time to introduce a new tax rate, before firms register future exports.

3 years ago

A pedestrian looks at a quotation board displaying foreign exchange rates including US dollar against the Japanese yen, in Tokyo, Japan, on March 9, 2020.

Markets

Shares up as oil skids on hopes for Ukraine talks

There was an exception in MSCI's broadest index of Asia-Pacific shares outside Japan that was dragged down 1.1 percent by losses in China.

3 years ago

Traders wearing masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, United States, on May 26, 2020.

Markets

Tech rout drags China shares lower after US SEC hints at delistings

The Hang Seng Tech Index dived more than 7 percent, dragging the Hang Seng Index down more than 3 percent.

3 years ago

Markets

Asian markets drop as inflation spike fans rate fears

Bets on a more aggressive approach by the Federal Reserve to rein in runaway prices added to nervousness on trading floors.

3 years ago

Beef is displayed at a butcher shop on May 12, 2020 in the Melbourne suburb of Yarraville. Indonesia is heavily dependent on the Australian red meat industry, which fulfilled 70 percent of its beef and buffalo meat consumption in 2020.

Markets premium

Beef prices seen to reach new highs as Ramadan meets supply snags

Indonesian producers expect prices to surge as the upcoming holiday season fuels demand amid the ongoing supply disruption in Australia.

3 years ago

People wearing protective masks stand in front of a screen showing Nikkei index outside a brokerage in Tokyo, Japan, on Aug. 31, 2020.

Markets

Asian shares surge as Russia-Ukraine talks buoy sentiment

MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.6 percent in early trade.

3 years ago

The Apollo Voyager crude oil tanker is anchored in the Pacific Ocean off the coast near the Chevron El Segundo oil refinery on Nov. 16, 2021, as seen from Manhattan Beach, California, US.

Markets

Oil prices surge as US bans imports from Russia

Crude oil prices surged Tuesday as the United States banned Russian energy imports, while nickel prices rocketed to a record peak on Russian supply fears.

3 years ago

A sign is pictured at the London Metal Exchange (LME) following its relocation in central London on Feb. 18, 2016.

Markets

London suspends nickel trade after record spike

The London Metal Exchange on Tuesday suspended trade in nickel after the base metal rocketed to a record peak above US$100,000 as Russian supply concerns sparked sharp volatility.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US on Aug. 19, 2021.

Markets

Oil, commodities surge amid selloff in global shares

Euro zone real government bond yields fell sharply as surging energy prices fueled concerns that global economies are at risk of stagflation, a condition in which prices soar while growth stagnates.

3 years ago

A photograph taken on March 4, 2022, in Zug shows the sign of the Swiss-based pipeline project company Nord Stream 2 that had filed for bankruptcy and laid off its entire workforce of 106 people following sanctions imposed on the Russian-European gas pipeline project in retaliation for Russia's invasion of Ukraine.

Markets

Natural gas prices rocket to records on supply fears

Europe and UK natural gas prices soared to record highs Monday on fresh supply fears after the United States proposed an embargo on Russian crude oil.

3 years ago

The German-flagged tanker Seacod berths at the Tranmere Oil Terminal on the River Mersey near Liverpool, Britain, on March 5, 2022.

Markets

Oil surges, shares and euro hit the skids

Oil prices soared and shares sank in hectic trading on Monday as the euro extended its slide and commodities of all stripes were on the rise, with gold almost back at $2,000 an ounce.

3 years ago

Markets

Asia stocks slide to 16-month low on report of Ukraine nuclear plant fire

The risk-off appetite battered markets across the region, sending US stock futures also sharply lower, suggesting more pain for European and US markets when they open later in the day.

3 years ago

Passersby wearing protective face masks walk past a stock quotation board in Tokyo on Feb. 24, 2022.

Markets

Asia stocks edge higher, oil races to the moon

Asian shares crept higher on Thursday after reassuring comments from the Federal Reserve helped Wall Street rally, though the war in Ukraine sent oil and resource prices spiraling ever higher in a grim omen for global inflation.

3 years ago

Facilities of the Novoprtovskoye oil and gas condensates oilfield, 250 km north of the town of Nadym in northern Russia, are pictured on Feb. 18, 2015.

Markets

Brent oil breaks $110 a barrel, WTI up 5%

Brent crude broke above $110 a barrel on Wednesday and WTI was up more than 5 percent as Russia's invasion of Ukraine continues and far-reaching sanctions on Moscow fuel worries about exports from Russia.

3 years ago

A pedestrian walks past an electronic quotation board displaying the closing share prices of the Tokyo Stock Exchange in Tokyo on Feb. 7, 2022.

Markets

Japanese, Chinese stock markets open higher

Stocks listed in Tokyo, Hong Kong and Shanghai opened higher on Tuesday after Wall Street avoided sharp selloffs on the Ukraine crisis, while investors awaited further economic news in the US.

3 years ago

A trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, US, on Jan. 18, 2022.

Markets

Asian markets track Wall Street rally as traders weigh Russia sanctions

News of Washington's response to Russia provided a big boost to Wall Street, where all three main indexes surged from deep in the red to end Thursday on a positive note, while crude eased back below $100.

3 years ago

PT Vale Indonesia's nickel mine in Sorowako, South Sulawesi, in this undated photo. After being transported to trucks, nickel material in the form of land is placed in a temporary shelter, then put into a factory to be processed until it gets a matte nickel of 78 percent, and is exported to Japan.

Markets

Nickel, aluminum prices hit record highs on Ukraine attack

Prices of the two metals hit their highest levels in more than a decade on Thursday.

3 years ago

The Apollo Voyager crude oil tanker anchored in the Pacific Ocean off the coast near the Chevron El Segundo oil refinery on Nov. 16, 2021, as seen from Manhattan Beach, California, US.

Markets

Oil prices break $100 on Russian 'military operation' in Ukraine

Global oil price benchmark Brent rose to a level last seen in September 2014.

3 years ago

People gather on a quiet Sunday afternoon on the grounds outside the Central Government Complex in Hong Kong’s Admiralty district on Jan. 9, 2022.

Markets

Most Asian markets rise but nerves on edge

Equities mostly rose Wednesday and oil prices stabilized as investors tracked developments in the Russia-Ukraine crisis after world powers imposed less harsh sanctions on Moscow than feared.

3 years ago

The American crude oil tanker Kriti Breeze is moving through the Suez Canal in Suez, Egypt, on Feb. 15, 2022.

Markets

Stocks slide, oil jumps as Russia orders troops to Ukraine regions

Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived on Tuesday as Europe's eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.

3 years ago

People walk past stalls on a street in Tokyo on Oct. 5, 2021.

Markets

Asian markets mixed, oil drops on Biden-Putin hope

Equities were mixed Monday while oil prices eased after presidents Joe Biden and Vladimir Putin agreed in principle to hold a summit to try to find a way out of the Ukraine crisis.

3 years ago

Markets

Stocks steady on hopes for diplomacy in Ukraine

US stock futures bounced on Friday and selling pressure eased in Asian share markets after the US Secretary of State agreed to a meeting with Russia's foreign minister, raising hopes for a diplomatic solution to the East-West standoff over Ukraine.

3 years ago