Indonesia Stocks Set to Log 5th Straight Weekly Loss
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Indonesia's IDX Composite dropped 71 points (1%) to 7,091, marking a potential fifth consecutive weekly loss, influenced by a Wall Street decline and geopolitical tensions. Local markets are down 0.2% amid anticipation of inflation and trade data. Airlines are requesting a 15% increase in fuel surcharges due to rising costs. However, a liquidity injection of IDR 100 trillion into state banks has provided some support. Key sectors like infrastructure and finance faced declines, with notable losses from Sumber Alfaria Trijaya (-4.1%) and Adaro Andalan Indonesia (-2.5%).
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