Indonesian Bond Demand, Stocks Hit After Finance Minister Exit
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
Indonesian Bond Demand, Stocks Hit After Finance Minister Exit
Investors placed bids of 79.55 trillion rupiah ($4.8 billion), the lowest since June. The government failed to meet its indicative sales target for the first time since January. In equities, foreign investors sold a
Read full article ▼
An Indonesian government bond auction on Tuesday drew weak demand while the nation’s stocks saw their biggest outflow since April, after the sudden removal of Finance Minister Sri Mulyani Indrawati sapped investor sentiment.
Investors placed bids of 79.55 trillion rupiah ($4.8 billion), the lowest since June, and the government failed to meet its indicative sales target for the first time since January, Bloomberg-compiled data show. In equities, foreign investors sold a net $276.5 million of local shares on Tuesday, marking the steepest withdrawal in nearly five months.
Source: Bloomberg.com | View original article