D’ORIGIN Advisory, Louisa Rahardjo – Indonesian stocks tumbled with foreign investors sold more than half a trillion rupiah in midday trade amid rout in global markets and after President Joko Widodo scrapped a decision by his energy ministry to raise retail prices premium gasoline.
Jakarta composite tumbled 106.172 (-1.824%) to 5,714.496 while LQ45 slumped 2.26% at 894.267. Trading volume were 7.66 billion shares worth of Rp4.07 including transaction of Rp218 billion in negotiation market. Foreign investors sold a net Rp563.85 billion in regular market. Only 63 shares rose, while 357 declined and 77 unchanged.
According to JISDOR, the currency fell 38 points (-0.25%) to 15,253 while spot rate depreciated 62 cents (-0.41%) at 15,260 against the USD.
Asian stocks slumped with indexes in Shanghai, South Korea and Tokyo all down more than 4% and Taiwan tumbled more than 6% following steep declines in U.S. before earnings season start.
Oil prices continued to decline on Thursday after suffering losses in the last session after crude inventories climbed by 9.7 million barrels in the week to Oct. 5 to 410.7 million, compared with analyst expectations for an increase of 2.6 million barrels. Brent crude declined $1.52 (-1.83%) at $81.57 per barrel while U.S. West Texas Intermediate crude futures tumbled $1.27 cents (-1.74%) at $71.90 per barrel.
NIKKEI.. 23,513.80 (-4.22%)
SHCOMP.. 2,607.44 (-4.34%)
HSI.. 26,207.03 (-3.76%)
TAIEX.. 9,823.21 (-6.15%)
KOSPI.. 2,137.71 (-4.08%)
S&P/ASX 200.. 5,897.40 (-2.52%)
SENSEX.. 33,893.72 (-2.49%)
STI.. 3,048.71 (-2.64%)
DOW FUT.. 25,239.00 (-1.10 %)
S&P FUT.. 2,755.75 (-0.91%)
NASDAQ FUT.. 6,958.75 (-1.04%)