Asian equities slip on Fed decision; Indonesia drops as inflation rate eases

STOCKS in Indonesia extended losses on Thursday as data showed that the country's inflation rate had eased, while other equities in the region slipped after the U.S. Federal Reserve flagged possible delays to interest rate cuts this year.

Equities in Jakarta slipped 1.6%, while the rupiah was flat at about 16,185 per U.S. dollar. Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said, staying within the central bank's target range of 1.5% to 3.5%.