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Jakarta Post

Rupiah, share index close lower on Wednesday

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, July 24, 2019   /   05:56 pm
Rupiah, share index close lower on Wednesday A currency trader shows US dollar bills at a foreign exchange shop in Jakarta. The rupiah fell slightly to Rp 13,997 per US dollar on Wednesday. (Antara/Sigid Kurniawan)

The rupiah and most share prices on the Indonesia Stock Exchange (IDX) inched down at the close of trading on Wednesday despite the surge in share prices on other Asian markets.

The rupiah fell slightly to Rp 13,997 per US dollar, while the Jakarta Composite Index (JCI) lost 18.82 points to end the day at 6.384,98.

The rupiah followed the downward trend of other Asian currencies that mostly weakened during the day. The Indian rupee, for example, lost 0.12 percent while the Philippine peso and Hong Kong dollar fell 0.07 and 0.04 percent respectively.

Asian shares crept higher on Wednesday as the prospect of fresh Sino-US trade talks drew a guarded welcome, while the euro hit lows on a range of counterparts amid speculation the European Central Bank was near to easing policy,  Reuters reported on Wednesday.

Japan's Nikkei added 0.3 percent, while Australian stocks were up 0.7 percent after hitting 12-year highs. The MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.1 percent and Chinese blue chips climbed 0.8 percent. (hen)