Financial markets still shadowed by demonstrations caused the Composite Stock Price Index (IHSG) to open lower by 2.69% to 7,620 from the previous trading session at 7,830.
Even the lowest point reached by IHSG in today’s trading touched 7,547. Meanwhile, stock exchanges in Asia were mostly trading in the green zone.
At the same time, the rupiah weakened near the level of 16,500/US dollar. The rupiah was traded around 16,475/US dollar in this morning’s trading session.
A number of important data will be released in the coming week. After the release of China’s PMI manufacturing data which fell to 49.4, Indonesia’s manufacturing data or S&P Global Manufacturing PMI in August was at 51.5. This means manufacturing data experienced expansion after previously being in the contraction zone.
Market participants are next awaiting the release of domestic inflation data and trade balance today. Indonesia is projected to record inflation in August. Furthermore, there will also be releases of US manufacturing data, US employment data, and Indonesian retail sales data at the end of the week.
