The energy ministry has offered PSC cost recovery schemes for four offshore and onshore blocks in its second bid round this year.

Asian markets rose Wednesday but traders flitted between hopes for a halt in sharp US interest rate hikes and concern that a surge in China's Covid cases will see officials impose more painful lockdowns.

Asian shares were on the defensive on Tuesday as a COVID-19 resurgence in China increased concerns that Beijing may reimpose strict pandemic curbs and that further restrictions could cause supply chain disruptions.

The US dollar was firmly higher against major currencies on Monday, while China's yuan slipped as sentiment was soured by rising COVID cases and tightening restrictions in some cities in the world's second-biggest economy.

Asian markets fell Monday as China's first COVID death in six months sparked fears officials would reimpose strict, economically painful restrictions to fight outbreaks across the country.

Asian shares were in a cautious mood on Friday after US Federal Reserve officials fired more warning shots on interest rates, while rising coronavirus cases in China and liquidity strains in its bond market added to uncertainty.

Japan's core consumer prices rose 3.6 percent year-on-year in October, the government said Friday, the highest level in four decades due largely to rising energy costs and a weak yen.

Asian stocks were mixed on Thursday while the US dollar stabilized and Treasury yields remained depressed as investors tried to assess the outlook for Federal Reserve policy following stronger-than-expected retail sales data.

The safe-haven US dollar edged higher against major peers on Wednesday as markets continued to assess news of a Russian-made rocket striking NATO-member Poland, and whether it could lead to an escalation of the Ukraine war.

Asian share markets were mixed on Tuesday and oil was weaker as investors sought to digest the economic implications of China's COVID policy adjustments and a rescue package for the country's struggling property sector.

The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com.

Asian share markets were taking a breather on Monday after last week's sweeping rally as a top US central banker warned investors against getting carried away over one inflation number, nudging up bond yields and the dollar.

Indonesian mutual funds are down some 10 percent this year, as global rate hikes and new domestic regulations push money elsewhere.

Asian shares spiked higher on Friday, while the dollar nursed steep losses after a smaller-than-expected increase in US consumer prices fueled hopes that the Federal Reserve could tone down its aggressive pace of interest rate hikes. 

Cryptocurrency markets nursed heavy losses on Thursday, with bitcoin pinned near a two-year low as investors fretted about the fallout from the implosion of crypto exchange FTX.

Asian stocks started down on Thursday after inconclusive US midterm election results and a turbulent cryptocurrency market left Wall Street and European markets in a sea of red.

Asian stocks made a positive start Wednesday following gains on Wall Street but lost momentum as factory gate prices in China fell for the first time in nearly two years.

Stocks in Shanghai was down 0.6 percent, while Jakarta fell 0.3 percent, Bangkok retreated 0.2 percent and Wellington dropped 0.7 percent.

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummeled fortunes, an annual rich list said on Tuesday.

Asian equities rose on Friday, boosted by Hong Kong and China stocks, while the dollar was set for its best week in more than a month as investors priced in the prospect of the Federal Reserve taking interest rates above 5 percent next year. 

Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal Reserve could soon tone down its hawkish pace of interest rate hikes.

Chicago wheat futures jumped more than 5 percent on Monday and corn rose over 2 percent as Russia's withdrawal from a Black Sea export agreement raised concerns over global grain supplies. 

The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the US Federal Reserve could flag a slowdown in its aggressive interest rate hikes.

Investors are holding back from the government bond market amid rising interest rates to fend off high inflation in many major economies, leaving emerging countries like Indonesia struggling to keep up with investors’ appetite to secure capital at home.

Asian equities edged lower on Friday as investors grappled with mixed earnings reports, while the Japanese yen held firm ahead of the Bank of Japan's policy review.

Indonesia Stock Exchange (IDX) aims for an average daily transaction value (ATV) of Rp 14.75 trillion (US$948 million) in 2023, which would mark a slowdown from the volume achieved so far this year.

Sterling soared to six-week highs on Wednesday, as Britain's new Prime Minister Rishi Sunak holds his first Cabinet meeting amid reports he could delay the announcement of a plan to repair the country's public finances.

Asian shares edged higher on Wednesday as investors clung to hopes that the pace of US and global rate hikes will start to slow, though US futures dropped after disappointing results from tech giants Alphabet and Microsoft. 

After Britain's brief Prime Minister Liz Truss unleashed her mini-budget on Sept. 23, filling financial markets with dread, a section of investors stampeded away from the pound and towards the cryptocurrency.