Jakarta Stock Exchange Index Falls 9.7% from its Year-to-Date High
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The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange fell 70.89 points (1.19%) to 5,910 during the first trading session on Thursday, May 16, 2019. This is the lowest JCI level since November 15, 2018. The Jakarta Stock Exchange index has fallen 637.88 points (9.74%) from its highest level this year of 6,547.88, reached on February 6, 2019.
Globally, ongoing uncertainty surrounding the US-China trade war continues to weigh on the index, pushing it to its lowest point in six months.
Domestically, a decline in export values, resulting in a US$2.5 billion trade deficit, prompted investors to sell shares, causing the JCI to correct and move away from the 6,000 level.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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