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.

The 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.

The 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.

Asian 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.

Asian 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.

BREN’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.

Asian 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.

IDX Composite rose by 0.90 percent, buoyed by a drop in United States Treasury yields and varied big banks’ performances.

A 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.

Asian 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.

The 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.