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Jakarta Post

Coronavirus to affect stock market until contained: Analysts

  • Adrian Wail Akhlas and Made Anthony Iswara

    The Jakarta Post

Jakarta   /   Wed, January 29 2020   /  01:43 am
In the red: An employee looks at an electronic board showing stock movements at the Indonesia Stock Exchange in 2015. The local stock market continued a three-day decline on Tuesday as concerns grow over the potential economic impact of the quickly spreading coronavirus from China. (JP/Jerry Adiguna)(JP/Jerry Adiguna)

In the red: An employee looks at an electronic board showing stock movements at the Indonesia Stock Exchange in 2015. The local stock market continued a three-day decline on Tuesday as concerns grow over the potential economic impact of the quickly spreading coronavirus from China. (JP/Jerry Adiguna)Negative sentiments stemming from China’s coronavirus outbreak are to continue infecting the local stock market for some time until global authorities manage to contain the spread of the deadly virus as investors flee to save haven assets, analysts are saying.The main gauge of the Indonesia Stock Exchange (IDX), the Jakarta Composite Index, declined for the third day on Tuesday, down 0.36 percent to 6,111.18 after falling 1.78 percent on Monday and 0.08 percent on Friday as global jitters over the spreading virus reached the local bourse.Foreign investors recorded almost Rp 470 billion (US$...