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14-01-2016, 03:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://www.straitstimes.com/business...entral-jakarta (http://www.straitstimes.com/business/companies-markets/rupiah-extends-drop-after-explosions-gunfire-in-central-jakarta)
Rupiah, stocks extend falls after explosions, gunfire in central Jakarta
A teller holds Indonesian rupiah bank notes at a money changer in Jakarta.
A teller holds Indonesian rupiah bank notes at a money changer in Jakarta. PHOTO: REUTERS
Published
1 hour ago
Updated
27 min ago
KUALA LUMPUR (BLOOMBERG) - Indonesia's rupiah and stocks extended drops on Thusrday (Jan 14) after at least four people were killed in explosions and gunfire in central Jakarta and police continued to battle gunmen.
The currency fell 0.9 per cent to 13,958 per US dollar as of 12:09 pm local time, prices from local banks show. The Jakarta Composite Index of shares dropped 1.7 per cent. Sovereign bonds erased gains, with the 10-year yield little changed at 8.58 per cent, according to prices from the Inter Dealer Market Association.
At least one explosion followed by gunfire occurred outside the Sarinah shopping mall in central Jakarta, Indonesian police reported. A police official told Metro TV that between 10 and 14 gunmen may have participated in the attack, while three other explosions were also felt, TVOne reported.
Bank Indonesia's scheduled monthly interest-rate review would still take place this afternoon, said Arbonas Hutabarat, a spokesman at the central bank.
"The rupiah has sold off on the breaking developments in Jakarta, which is unnerving markets, said Khoon Goh, a senior foreign-exchange analyst at Australia & New Zealand Banking Group Ltd. in Singapore. "We still don't know what is happening yet, but investors do not like uncertainty, and this just adds to it."
Indonesia has been battling violent Islamist extremists since at least 2000, but the last major attack was in 2009 when twin suicide bombings killed seven people at two Jakarta luxury hotels. Police and security analysts have warned that Indonesians traveling to join the Islamic State in Iraq and Syria posed a threat to Indonesia.
"We still don't have much information, which makes it hard to make any prediction," said Masakatsu Fukaya, a trader on the Asia and emerging-market team at Mizuho Bank Ltd. in Tokyo. "But if this is not a long-lasting incident, the impact on the economy may be limited as unlike Thailand, Indonesia doesn't depend much on tourism revenue."
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?223425-Jihadist-atttacking-Jakarta-Starbucks-4-dead-market-rock-and-roll-gone!&goto=newpost).
http://www.straitstimes.com/business...entral-jakarta (http://www.straitstimes.com/business/companies-markets/rupiah-extends-drop-after-explosions-gunfire-in-central-jakarta)
Rupiah, stocks extend falls after explosions, gunfire in central Jakarta
A teller holds Indonesian rupiah bank notes at a money changer in Jakarta.
A teller holds Indonesian rupiah bank notes at a money changer in Jakarta. PHOTO: REUTERS
Published
1 hour ago
Updated
27 min ago
KUALA LUMPUR (BLOOMBERG) - Indonesia's rupiah and stocks extended drops on Thusrday (Jan 14) after at least four people were killed in explosions and gunfire in central Jakarta and police continued to battle gunmen.
The currency fell 0.9 per cent to 13,958 per US dollar as of 12:09 pm local time, prices from local banks show. The Jakarta Composite Index of shares dropped 1.7 per cent. Sovereign bonds erased gains, with the 10-year yield little changed at 8.58 per cent, according to prices from the Inter Dealer Market Association.
At least one explosion followed by gunfire occurred outside the Sarinah shopping mall in central Jakarta, Indonesian police reported. A police official told Metro TV that between 10 and 14 gunmen may have participated in the attack, while three other explosions were also felt, TVOne reported.
Bank Indonesia's scheduled monthly interest-rate review would still take place this afternoon, said Arbonas Hutabarat, a spokesman at the central bank.
"The rupiah has sold off on the breaking developments in Jakarta, which is unnerving markets, said Khoon Goh, a senior foreign-exchange analyst at Australia & New Zealand Banking Group Ltd. in Singapore. "We still don't know what is happening yet, but investors do not like uncertainty, and this just adds to it."
Indonesia has been battling violent Islamist extremists since at least 2000, but the last major attack was in 2009 when twin suicide bombings killed seven people at two Jakarta luxury hotels. Police and security analysts have warned that Indonesians traveling to join the Islamic State in Iraq and Syria posed a threat to Indonesia.
"We still don't have much information, which makes it hard to make any prediction," said Masakatsu Fukaya, a trader on the Asia and emerging-market team at Mizuho Bank Ltd. in Tokyo. "But if this is not a long-lasting incident, the impact on the economy may be limited as unlike Thailand, Indonesia doesn't depend much on tourism revenue."
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?223425-Jihadist-atttacking-Jakarta-Starbucks-4-dead-market-rock-and-roll-gone!&goto=newpost).