Indonesian Stocks Head for Correction on Slowing Economic Growth [Yahoo! Finance Canada]
PT BK MANDIR PRS UNSP/ADR (PPERY)
NASDAQ:AMEX Investor Relations:
ir.bankmandiri.co.id
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Jakarta Composite Index dropped as much as 1.3% to its lowest since Aug. 6, with PT Alamtri Resources Indonesia and PT Bank Mandiri Persero among the biggest point laggards on the gauge. The index hit its all-time high on Sept. 19. Foreign investors sold a net $52.9 million of the country's equities on Thursday, according to exchange data compiled by Bloomberg. It was the 16th straight day of selling, as a stronger dollar dented the appeal of emerging-market assets. The market's souring sentiment mirrors a slew of data that points to economic challenges that face the country's new president who was sworn in last month. It's also a reflection that no country in the region is immune to investor concerns that have risen from Trump's proposed policies, including higher tariffs. The rupiah has fallen about 1% against the dollar this month. “The recent pullback on JCI was driven by foreign fund outflow and concerns on currency pressure,” said JPMorgan a
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