Foreign investors continued to engage in net selling of Indonesian stocks. On Thursday (16/10), they sold IDR 327.04 billion (USD $27.3 million) more shares than they bought. The appreciating rupiah exchange rate was unable to push the index back to the green zone. Only the basic industries, property, and mining sectors ended higher on today’s trading day.

The Jakarta Composite Index fell 0.23 percent to 4,951.61 points.

Japan was the biggest victim amid global volatility on today’s trading day. The Nikkei plunged over two percent - a five-month low - as investors rushed to safe havens such as the yen and bonds. A stronger yen undermines profits of Japan’s big exporters. The Bank of Japan may introduce additional easing measures to support the sluggish economy.

Bank Indonesia's benchmark rupiah rate (Jakarta Interbank Spot Dollar Rate, abbreviated JISDOR) appreciated 0.18 percent to IDR 12,207 per US dollar on Thursday (16/10).

| Source: Bank Indonesia