Composite index of Indonesia Stock Exchange (IDX) ended substantially lower by 0.74% to 5,646 Tuesday (May 16) following the signing of regulation in lieu of law (Perppu) for automatic exchange of financial information by President Joko ‘Jokowi’ Widodo. The index was dragged down by shares of major banks. Bank Central Asia (BBCA) lost 4.7%, while Danamon down 3%. They are two of the largest private banks. Bank Mandiri and Bank Rakyat Indonesia, two of the largest state banks, also lost ground by 1.2% and 1.9% respectively.To subscribe please click here