Hold off on buying Indonesia stocks for now


More rate hikes: A file picture showing a teller counting rupiah notes at a money changer in Jakarta. There is the potential of further interest rate hikes to put a floor under the currency, which has hit its weakest against the dollar since 1998. — Reuters

DUBAI: Indonesia’s key stock index may be down 15% from its February peak but it isn’t time to get back into equities in South-East Asia’s biggest economy, Morgan Stanley analysts Sean Gardiner and Aarti Shah opined.

Aberdeen Standard Investments investment director Bharat Joshi said the rupiah’s weakness may keep investors away as emerging-market turmoil deepens.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Indonesia , stocks , shares , invest , buying , interest rate , Thailand ,

   

Next In Business News

Oil eases on strong dollar, global economic news
GIP SUPPORTS MALAYSIA AIRPORTS’ JOURNEY TO GLOBAL EXCELLENCE
Asia ESG Positive Impact Consortium pledges sustainability
UMW realigns strategies to promote growth
Nvidia’s gains leave investors wondering – to cash in or buy more?
Malaysia’s competitiveness set to improve further
Genting’s plans for diversification continue to gather momentum
Winning the digital game
IJM Corp secures two construction contracts worth RM962.3mil
KAB rides data centre wave

Others Also Read