As a result the IHSG, which almost touched the overbought area, fell 0.49 percent to 4,623.57 points.

Asian stock markets were corrected on Monday (24/02) after the release of slowing growth of China's house price index. This then led to a sell off of property developers stocks, particularly amid the planned monetary tightening (involving the curbing of lending in the property sector).

The rupiah was supported by capital inflows in the domestic bond market as well as the positive message that was released after the G20 meeting in Australia on 22-23 February 2014. The G20 countries stated to be committed to enhance global economic growth. Although this message did not contain much details, it did support the rupiah's value.

| Source: Bank Indonesia