Indonesia Stock Market & Rupiah Update: China & Fed Hike in Focus
Indonesian stocks and the rupiah weakened on Monday morning (30/11). Indonesia's benchmark Jakarta Composite Index (IHSG) was down 0.84 percent to 4,522.09 points, while the Indonesian rupiah had depreciated 0.21 percent to IDR 13,830 per US dollar (Bloomberg Dollar Index) by 11:15 am local Jakarta time. Negative sentiments still stem from China and the looming Fed Fund Rate hike in December, while there are few to none domestic sentiments that can support the nation's assets.