Headline News. #Economy_Focus. Indonesia Stocks Drop for Fourth Day as Outflows Weaken Rupiah Indonesian stocks tumbled, capping the biggest four-day plunge since 2011, amid growing concern that capital outflows will accelerate. The rupiah dropped to the weakest level in four years. The Jakarta Composite Index (JCI) fell 3.2 percent to 4,174.98, extending its four-day slide to 11 percent. The gauge has dropped 19.9 percent from its record close on May 20. The rupiah fell 1.8 percent to 10,685 per dollar after reaching 10,728 earlier, the weakest level since April 2009, prices from local banks show. The cost to insure Indonesian debt against default rose to an almost two-year high yesterday, according to CMA. mobile.bloomberg/news/2013-08-20/indonesia-stocks-drop-as-index-falls-as-much-as-20-from-peak.html
Posted on: Tue, 20 Aug 2013 17:39:34 +0000
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