Despite the rupiah still depreciating against the US dollar, foreign investors were back to record a net buy. The Jakarta Composite Index climbed 1.21 percent to the level of 4,969.88 points on Thursday (22/05).

Asian indices were also up due to the release of China's preliminary HSBC manufacturing PMI which indicated an improvement in May 2014 although still below 50 (and thus contracting). Furthermore, the higher markit manufacturing PMI of Japan as well as higher foreign bond investment contributed to the positive atmoshpere on Asian markets. Investors were also content to see the yen depreciate again.