Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
USD/IDR (14,501) +55.01 +0.38%
EUR/IDR (16,343) -41.31 -0.25%
Jakarta Composite Index (5,052.79) -23.38 -0.46%
Today, the Jakarta Composite Index (IHSG) was under pressure from the start of the trading day. It was negatively affected by mixed Asian indices as well as yesterday's mixed American indices (where the Dow Jones Index weakened whereas other American indices gained). It made investors, in particular foreign investors, eager to sell parts of their stock portfolios. At the end of today's trading day, the IHSG stood at 4,994.52, a 0.34 percent fall compared to yesterday.
The IDR rupiah rebounded as the South Korean Won and Yuan strengthened after the publication of South Korean's GDP figure that rose above expectation. The United Kingdom also posted better than expected GDP growth (0.6 percent year-on-year) which supported the Euro. However, Spain's 27.2 percent unemployment rate pressured the Euro.| Source: Bank Indonesia
Asian stock indices were mixed. Hong Kong's Hang Seng Index and Japan's Nikkei were up as the Japanese yen still weakened. China's yuan appreciated as its central bank (PboC) set a record reference rate amid growing usage of the currency for worldwide trade and investment. However, China's stock index weakened, led by property and cement stocks, after news spread that the government plans to limit price increases of houses.