Foreign investors did record a net buy regarding 2nd liner stocks but that did not give enough support to lift up the IHSG from its downward movement. Lastly, weak European openings on Thursday morning made sure that Indonesia's index would be unable to rebound.

The IDR rupiah fell slightly as market participants try to avoid risky assets. Moreover, the ongoing uncertainty regarding the price hike of Indonesia's subsidized fuel causes investors to reassess their views upon Indonesia's current account and inflation outlook. The current account shows a USD $5.3 billion deficit (or 2.4 percent of GDP) according to data released on 15 May 2013. However, the rupiah's fall was limited because the US dollar also fell after US bond yields (tenor 10 years) rose to 2.11 percent.

| Source: Bank Indonesia

Generally, Asian indices were mixed, but the HSI fell significantly again after commodity and raw material stocks weakened. Market participants were also still worried about the IMF's downgrade of its outlook for China's economic growth.