A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, US, on April 9, 2025.

Stocks head for best month since 2023 ahead of inflation data

World stocks were heading for their best month since late 2023 on Friday and the dollar was flirting with its first monthly rise of the year, while traders waited for key inflation data and assessed the latest in Washington's to and fro on tariffs.

1 day ago

Markets

Asian shares, US dollar climb on rosy data, tech optimism

Asian shares continued a rally from Wall Street and the dollar held gains on Wednesday on promising economic signs in the United States and speculation of strong tech earnings. ...

3 days ago

Markets

Stocks fluctuate as traders await next moves in Trump trade war

Equities meandered Tuesday as investors awaited the latest developments on Donald Trump's trade war, while the yen rallied after the head of Japan's central bank flagged more interest rate hikes if the economy improved. ...

4 days ago

The Latest

Representations of virtual currency Bitcoin are seen in this illustration picture taken on March 13, 2020.

Markets

Bitcoin breaks $50,000 for first time since 2021

Bitcoin spiked above $50,000 Tuesday for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.

1 year ago

Several pieces of heavy equipment owned by PT Berau Coal conduct coal mining activities on March 4, 2022, at the Binungan mine in East Kalimantan.

Markets premium

Heavy equipment sales take a dive as commodity prices plunge

Diversifying sales to the construction sector may help heavy equipment firms stay afloat.

1 year ago

A customer checks the quality of rice at Cipinang Market in East Jakarta in October 2022.

Markets premium

Rice vanishes from shelves amid delayed harvest

The National Food Agency (Bapanas) has pledged to accelerate rice distribution in response to President Joko “Jokowi” Widodo’s order to “flood the market”.

1 year ago

Attendees look at a display of stock prices at a ceremony to open the trading day at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024.

Markets

IDX Composite rises 0.86% on Monday ahead of election

The IDX Composite closed 0.86 percent higher on Monday, as the market was in “wait-and-see” mode ahead of the general election on Wednesday.

1 year ago

Electrifying: The Esemka Bima electric vehicle produced by domestic carmaker Esemka is displayed at the Indonesia International Motor Show in Jakarta on Feb. 16, 2023.

Markets premium

Car sales plummet 26 percent year-on-year in January

The Indonesian Automotive Manufacturers Association (Gaikindo) has attributed the decline to weakening economic sentiment.

1 year ago

Workers complete the production of knitwear at the Rajong Binong Jati Center, Bandung, West Java, on June 6, 2020.

Markets premium

Textile industry warns of production halt following import restrictions

Countries supplying Indonesia with mono-ethylene glycol (MEG), a material to produce polyester, have halted their shipments until they receive clarity regarding permits from the government.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesi Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite fell by 0.17 percent on Feb. 7, 2024, as the market assessed Indonesia’s foreign exchange reserves data and China’s economic policy trends.

Markets

IDX Composite concludes short trading week down 0.17%

IDX Composite fell by 0.17 percent on Wednesday as the market assessed Indonesia’s forex reserves data and China’s economic policy trends.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Tuesday, Jan. 2, 2024.

Election Updates

No trading on Indonesia Stock Exchange on election day

Trading optimism has plunged this month as the market anticipates the Feb. 14 general election, the volatile rupiah and US monetary policy uncertainties.

1 year ago

Pedestrians walk past an electronic sign showing the closing numbers on the Tokyo Stock Exchange, along a street in downtown Tokyo on January 18, 2023.

Markets

Asian markets track Wall St higher as Hong Kong extends rally

There were also gains Wednesday in Sydney, Seoul, Singapore, Wellington, Manila and Jakarta, though Tokyo edged down.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) closed at 7,247.41 on Feb. 6, 2024, gaining 48.79 points, or 0.68 percent, amid mixed index performances in the broader Asian market.

Markets

IDX Composite gains 0.68% amid mixed trends in broader Asian market

The IDX Composite (IHSG) closed at 7,247.41 on Tuesday, gaining 48.79 points, or 0.68 percent, amid mixed index performances in the broader Asian market.

1 year ago

Markets

IDX Composite begins new week with 0.55% decline

The IDX Composite (IHSG) fell by 0.55 percent to 7,198.61 on Monday as the market digests new economic data published by Statistics Indonesia (BPS).

1 year ago

Attendees look at stock movements on Jan. 2 during the opening ceremony of the Indonesia Stock Exchange (IDX) for 2024 at the bourse in Jakarta. The IDX Composite closed slightly lower at 7,201.7 on Feb. 1, 2024, following data that showed inflation had slowed in January.

Markets

IDX Composite dips 0.09% after new inflation report

The IDX Composite closed on Thursday slightly lower at 7,201.7 after new BPS data showed that inflation had slowed in January.

1 year ago

Attendees look at stock trading movements during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta on Jan. 2, 2024. The IDX Composite index strengthened on the last trading day of January, closing 0.22 percent higher at 7.207,94, on Jan. 31, 2024.

Markets

IDX Composite concludes January with 0.22% gain

The IDX Composite index strengthened on the last trading day of January, closing 0.22 percent higher at 7.207,94.

1 year ago

Made in Indonesia: Cars bound for export sit parked on Dec. 15, 2023, at a facility belonging to PT Indonesia Kendaraan Terminal in Tanjung Priok, Jakarta.

Markets premium

Used cars, two-wheelers buoy automotive market

Analysts project new car sales to bounce back this year, along with the rise of electric vehicles, which continue to gain popularity in the country.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the opening ceremony for trading at the Indonesia Stock Exchange (IDX) in Jakarta. The IDX Composite (IHSG) climbed by 0.49 percent to 7,192.22 on Jan, 30, 2024, ahead of the United States Federal Reserve’s interest rate decision.

Markets

IDX Composite gains for second straight day, up by 0.49%

The IDX Composite climbed by 0.49 percent to 7,192.22 on Tuesday ahead of the US Federal Reserve’s interest rate decision.

1 year ago

Workers push damaged solar panels into a machine to be recycled at the We Recycle Solar plant in Yuma, Arizona, US, on Dec. 6, 2023.

Markets

Stock pickers power up battered renewables as rates fall

Clean energy stocks might be in for a much-needed recharge this year as bets on interest rate cuts brighten their outlook following record outflows from this former ESG hot spot.

1 year ago

A person sits in front of residential buildings developed by China Evergrande Group, after a court ordered the liquidation of the property developer, in Beijing, Jan. 29, 2024.

Markets

Stocks in Asia slip as China property sector worries weigh

Asian shares fell on Tuesday, hurt by the court-ordered liquidation of property giant China Evergrande while rising geopolitical tensions propped up oil prices and kept a lid on risk appetite ahead of the Federal Reserve's meeting.

1 year ago

A man pedals a bike past a housing complex built by Chinese property developer Evergrande in Beijing on October 25, 2021.

Markets

Hong Kong court orders liquidation of China's Evergrande

Once China's biggest real estate firm, its astronomical debt of more than $300 billion had become emblematic of a years-long crisis in the country's property market that had reverberated throughout the world's second-largest economy.

1 year 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 rises on fresh Middle East fears after attack on US base

Oil rose Monday on fresh Middle East fears as Joe Biden pledged to retaliate after blaming Iran-backed rebels for the killing of three US service members in a drone attack on a base in Jordan.

1 year ago

Critical commodity: A nickel smelter in Morosi, Southeast Sulawesi, operated by Virtue Dragon Nickel Industry (VDNI) is seen from above on Feb. 10, 2023. Indonesia is the world's largest producer of nickel, a critical component of electric vehicle batteries.

Markets

New Caledonia's Prony Resources faces cash crunch on nickel slump

After years of losses, France is trying to work out an agreement by the end of the month to bolster the producers through investments to help reduce costs.

1 year ago

Markets

IDX Composite extends loss to close Friday 0.57% down

The IDX Composite declined 0.57 percent to close Friday's trading at 7,137.

1 year ago

A worker checks on Oct. 18, 2019 nickel pig iron (NPI) that was produced in the Morowali industrial park in Bahodopi district, Morowali regency, Central Sulawesi.

Markets premium

Indonesian miners brace for prolonged low nickel prices

Indonesia’s nickel miners are bracing for a price slump in 2024, as the global glut is expected to continue growing while demand growth has declined.

1 year ago

Bull statues are placed in font of screens showing the Hang Seng stock index and stock prices outside Exchange Square in Hong Kong, China, on Aug. 18, 2023.

Markets

Asia stocks on track for weekly gain; eyes on US inflation test

Asian shares were set on Friday to snap a three-week losing streak, while investors awaited a key reading on US inflation later in the day to gauge the outlook for US rates.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the trade opening ceremony at the Indonesia Stock Exchange (IDX) in Jakarta . The IDX Composite (IHSG) declined by 0.69 percent, or 49.78 points, and closed at 7,178.04 on Jan. 25, 2024, as investors await United States economic data.

Markets

IDX Composite plunges by 0.69% ahead of key US economic data

The IDX Composite (IHSG) declined by 0.69 percent, or 49.78 points, and closed at 7,178.04 on Thursday as investors await United States economic data.

1 year ago

Workers carry sugarcane during a harvest day at Kewadungan Village in Kediri, East Java, on June 21, 2022. Five sugar factories, Tjoekir Jombang, Lestari Nganjuk, Meritjan Kediri, Modjopanggoong Tulungagung and Djombang Baru Jombang that are under state-owned plantation PT Perkebunan Nusantara (PTPN) X, have started their planting season with a target of grinding 111,000 tonnes of the crop.

Markets premium

Indonesia needs to quadruple sugar output by 2030 for self-sufficiency, ethanol

Indonesia's sugar production must reach 9.7 million tonnes by 2030 to be self-sufficient, where currently the country only produces around 2.5 million tonnes.

1 year ago

Attendees look at stock trading movements on Jan. 2, 2024, during the opening ceremony of the Indonesia Stock Exchange (IDX) in Jakarta. The IHSG posted a 0.11-percent gain on Jan. 23, 2024, closing at 7,234.46.

Markets

IDX Composite gains 0.11% on Tuesday

The Indonesian Stock Exchange (IDX) Composite (IHSG) posted a 0.11-percent gain on Tuesday, closing at 7,234.46.

1 year ago

A worker harvests oil palm fruit on Feb. 4, 2023, in Pucok Lueng, West Aceh regency, Aceh. Last year, the total value of palm oil exports dropped 19 percent to $28.45 billion from $35.15 billion in 2022.

Markets premium

Producers expect palm oil exports to decline by 4 percent this year

The Indonesian Palm Oil Association (GAPKI) says the drop is the result of a weakened global economy caused by the prolonged Russia-Ukraine war, conflicts in Middle East and a slowing Chinese economy.

1 year ago

A tram passes through Wanchai district in Hong Kong, China, on Nov. 24, 2023.

Markets

Hong Kong leads Asian market rally on China support hopes

Hong Kong led a rally across Asian markets Tuesday as traders were cheered by reports that Chinese authorities were considering a blockbuster boost to equities after a painful start to the year.

1 year ago

Workers produce backpacks on June 14, 2023, at a factory owned by PT Eksonindo Multi Product Industry in Katapang, Bandung regency, West Java. The company produces up to 6,000 backpacks on a daily basis for local brands Eiger, Bodypack and Exsport.

Markets premium

HSBC expects local producers to face more competition from Chinese firms

More Chinese firms will enter the Indonesian market as they face a weaker domestic economy back home and increased restrictions to enter European and United States markets, HSBC said.

1 year ago

A Tesla car is driven past a store of the electric vehicle (EV) maker in Beijing, China January 4, 2024.

Markets

Tesla trumps BYD in China sales efficiency with real-time strategy

The US company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD, but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.

1 year ago

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