Indonesia: Foreign investors reduce stock holdings - OBG

Indonesia: Foreign investors reduce stock holdings

Like bourses in many other emerging markets, the Indonesia Stock Exchange (IDX) has been on a downward trend since late May, as the US Federal Reserve has made clear that it will scale back its stimulus programme. However, authorities have taken steps to strengthen the market, including propping up the rupiah, and many of the IPOs scheduled for the coming months appear to be on track, suggesting that any difficulties could be short-lived.
As of late June, the Jakarta Composite Index was down more than 13% from a peak on May 20, falling to below 4500. The decline has been attributed to ... Read more.

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