Indonesia shares sink on virus mutation fears, surge in cases

Manufacturing contributes nearly 20 per cent to Indonesia's gross domestic product. But Indonesia’s efforts to revive the economy took a stumble as virus outbreaks forced factories in one of its biggest manufacturing hubs to shut.- Reuters

BENGALURU: Indonesian shares fell more than 1% on Monday, weighed down by a surge in new Covid-19 cases and the discovery of a more infectious mutation of the coronavirus in the country as the impact of upbeat Chinese services sector data faded.

Fears of a further surge in daily infections, already tracking above the past month's daily average in recent days, put the benchmark index on track for its worst day since August 3.