The China stock market bounced higher again on Tuesday, one day after snapping the two-day winning streak in which it had advanced almost 40 points or 1.2 percent. The Shanghai Composite now sits just above the 3,420-point plateau although its expected to open under pressure on Wednesday. The global forecast for the Asian markets is...
The Hong Kong stock market on Tuesday wrote a finish to the two-day winning streak in which it had rallied more than 850 points or 4.2 percent. The Hang Seng Index now sits just above the 20,310-point plateau and its looking at another soft start again on Wednesday. The global forecast for the Asian markets...
The Indonesia stock market has moved higher in three straight sessions, gathering more than 135 points or 2 percent along the way. The Jakarta Composite Index now sits just above the 7,450-point plateau although it may spin its wheels on Wednesday. The global forecast for the Asian markets is negative, with weakness expected from the...
Ahead of Tuesdays holiday for Constitution Day, the Thai stock market had finished lower in two of three trading days since the end of the two-day winning streak in which it had advanced almost 30 points or 2 percent. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau and its tipped to...
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, as traders await key U.S. consumer price inflation readings later in the day that could influence the U.S. Feds rate trajectory. Signals of a policy shift in China boosted sentiment, while persisting geopolitical tension due to escalating violence in Syria...
JAKARTA – The Ministry of Energy and Mineral Resources (ESDM) is preparing strategies to boost nickel reserves in anticipation of Indonesia Emas 2045. This initiative aims to ensure the continuity and sustainability of the national nickel supply, a significant source of foreign exchange. During the Bisnis Indonesia Economy Outlook 2025 broadcast on YouTube on Tuesday...
JAKARTA – PT Bank IBK Indonesia Tbk (AGRS) posted a 9.75% increase in net profit for Q3-2024 compared to the same period last year, reaching IDR 170.02 billion. Meanwhile, net interest income grew by 15.78%, contributing to an increase in the net interest margin (NIM) from 2.76% to 3.10%. “For the end of 2024, we...
JAKARTA – PT Goto Gojek Tokopedia Tbk (GOTO) has maintained its position at the top of net foreign transactions as of the close of trading on Tuesday (10/12). Yesterday (9/12), GOTO also led the market in net foreign activity. According to data compiled by IDN Financials, GOTO recorded 1.88 billion foreign buys and 1.64 billion...
JAKARTA – The pricePT Chitose Internasional Tbk (CINT)saw 34% increase as of this afternoon (11/12). This price surge temporarily puts CINT at the top of gainers list in Indonesia Stock Exchange (IDX). Based on data compiled by IDNFinancials, CINT arrived at IDR 240 at 11 AM WIB, up IDR 61 from its opening position at...
JAKARTA. Oversea-Chinese Banking Corporation (OCBC) and CIMB Group Holdings Bhd are joining the competition to be the controlling shareholder of PT Bank Pan Indonesia Tbk (PNBN)or Bank Panin, according to 3 insiders quoted by Reuters. In its latest findings, 2 out of these 3 sources mentioned that OCBC and CIMB have submitted non-binding offerings to...