Indonesian arm of local retail player MR DIY climbs on market debut


The listing came against the backdrop of broad weakness in Asian stocks.

JAKARTA: The Indonesian arm of Malaysia-based home improvement retailer MR DIY Group shook off a wobbly start to rise on its stock market debut yesterday.

The listing came against the backdrop of broad weakness in Asian stocks after the US Federal Reserve cautioned it would ease the pace of rate cuts in the coming year. Bond yields rose and the dollar was perched near a two-year high yesterday.

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