The composite index of the Indonesia Stock Exchange (IDX) dropped 3.09% to close at 4,479 on Wednesday (August 12), after dropping 2% in the previous day following China’s currency ban policy. The rupiah weakened further to Rp13,758 against the US dollar yesterday. Foreign investors booked net sell of Rp763.8 billion, cutting year–to–date net buy to Rp1.5 trillion. This morning Asian shares and the dollar crept higher, with investors cautiously watching China’s next move after it allowed the yuan to decline for two straight sessions, Reuters reported. To subscribe please click here
