Subscriber Update - Regional Comprehensive Economic Partnership (RCEP)
Subscriber Update - Indonesia Enters Economic Recession in Q3-2020
Indonesia Investments Report - October 2020 Edition (2nd Half): the Great Islamic Bank Merger
Update COVID-19 in Indonesia: 497,668 confirmed infections, 15,884 deaths (23 November 2020)
23 November 2020 (closed)
USD/IDR (14,130) -39.01 -0.28%
EUR/IDR (16,848) -14.64 -0.09%
Jakarta Composite Index (5,652.76) +81.11 +1.46%
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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