A number of investors are reducing safe haven instruments such as Sukuk, and are interested in riskier assets such as stocks. Market participants responded to the release of Indonesia’s 2Q21 Gross Domestic Product (GDP) data released last week, which recorded a growth of 7.07%. In more detail, the bid for the Sukuk auction last Tuesday was valued at IDR 51.7 trillion, or lower than the previous Sukuk auction of IDR 56.7 trillion.

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