Market Snapshots & Corporate Actions

The composite index of the Indonesia Stock Exchange (IDX) dropped 0.94% to close at 6,109 on Wednesday (Dec. 20) following regional and global markets after U.S. Republicans passed the $1.5 trillion tax bill. The bill will slash the corporate income tax rate to 21% from 35%, boosting business earnings and lead to higher dividends and stock buybacks, Reuters reported.

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