What the news says
The IDX index reflects the health of Indonesia's stock market and the attractiveness of local assets; this rise shows investor confidence at the current time.
07/23, 09:58 AM
Indonesia's benchmark index hits its strongest level since May 20, rising 1.2% to 6,413.064 points.
Indonesia's benchmark index hits its strongest level since May 20, rising 1.2% to 6,413.064 points.
Affected assets
FirstSquawk
07/23, 09:58 AM
Related updates
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Market reactionAnalysts say Indonesia needs concrete policy steps after market selloff pummels stocks and currency.
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High impactS&P Dow Jones Indices has listed Indonesia as a country for potential market reclassification from emerging to frontier market, with possible special treatment if conditions worsen.
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Market reactionIndonesia may raise interest rates further to support the rupiah and reduce market volatility following the central bank's surprise tightening that helped stabilize the currency.
BLOOMBERG · 06/08, 02:01 PM
High impactIndonesian sovereign wealth fund Danantara will start its US dollar bond roadshow this week as the nation's market selloff deepens.
BLOOMBERG · 06/06, 11:00 AM
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High impactIndonesia's finance minister denies resignation rumors amid market slump.
BLOOMBERG · 06/05, 08:01 AM
Market reactionReport that global investors are losing confidence in Indonesia as stocks tumble and currency sinks to all-time lows.