Market Recap
JCI pared down due to the struggling banking sector and massive capital outflows. JCI’s Top Losers: Misc. Industry (-2.2%), Finance (-1.9%), Trade (-1.3%).
INNI index closed at a 0.80% drop as miners posted losses, i.e. ADRO (-3.1%) and PTBA (-2.7%).
Daily Foreign & Domestic Sector Movement
JCI had a worst Tuesday’s trading after foreign outflows of IDR2 trillion added to the worsened broader economy rattled most of Asia markets. The capital outflows were not only the sign of global volatility, as the Indonesian rupiah made 4-day losing streak. China retaliated the US tariff measures by a ban on importing the US agricultural products taking into effects at the early of September and putting an additional tariff on the prior ordered products.
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