Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
Indonesia Investments Report - June 2020 Edition: Indonesia's New Normal
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%
Despite Mixed Asian Indices, Jakarta Composite Index Up 0.80% on Thursday
Yesterday (26/02) strengthening Asian stock indices were unable to push the benchmark index of Indonesia (Jakarta Composite Index/IHSG) into the green zone. Today (Thursday 27 February), we witnessed the contrary: the IHSG climbed 0.80 percent to 4,568.94 points, while Asian indices were mixed. Indices in China, the Sensex and the Nikkei fell, while others rose. Those that rose responded positively toward the release of higher sales of new US single-family homes. However, the conflict in the Ukraine limited their growth.
Moreover, on Wednesday (26/02), Brazil's central bank raised its benchmark interest rate from 10.50 percent to 10.75 percent to avoid a recession. Market participants are concerned that this will be followed by higher interest rates in other emerging economies.
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