New developments in Europe sparked JCI IDX Weakens

Shares in the Indonesian Stock Exchange (IDX) Tuesday weakens on crisis response to new developments in Europe which also makes the stakes in Asian stocks weakened. Exchange Composite Index closed down 72.342 points (2.59 percent) to 2724.615, while the LQ-45 index fell 16.311 points (3.00 percent) to the position of 527.276. “European Central Bank will proclaim the existence of losses in 1990 to 105 billion euros. This is a continuation of previous stories, and investors worried about these things, plus there is a decrease (rating) credit of Spain and France,” Bhakti Securities. European bourses are experiencing an average correction over 1 percent, the indiscriminate selling triggers more sharply in the Asian stock exchanges. As a result, Asian stock indexes, including JCI corrected. In addition, he continued, in recent days JCI gained 282 points or 11 percent, so triggers profit-taking (profit taking).

While China’s economic slowdown fears than ever, Edwin said, despite China’s economic growth slows, but continues to move positive. “China is a bit put the brakes on its growth-related crises in Europe to prevent overheating, Europe is the first export country after the United States,” he said. Throughout today’s recorded trade occurs transactions at a volume of 117.156 billion shares worth 6.998 Rp3, 003 trillion. Of all the active stocks, only 54 stocks whose price is rising, 164 stocks down, and 50 stocks remained unchanged. In Asian markets, Hang Seng index fell 268.24 points (1.36 percent) to a position of 19.496, the Nikkei-225 fell 56.87 points (0.58 percent) to 9711 levels, and Straits Times fell 37.16 points (one , 35 per cent) at position 2715.