Indonesia has served the Asia-Pacific market so far this year

Indonesia has served the Asia-Pacific market so far this year

October 5, 2022: -Indonesia’s Jakarta Composite index may face a couple of bumps in the road in 2022. Still, as of Monday’s close, it was the best-performing primary Asia-Pacific index for the year.

The index has been sleepless at 6.51% since the beginning of the year.

The Hang Seng index in Hong Kong, South Korea’s Kospi, and Taiwan’s Taiex has dropped over 25% this year.

Continent China’s Shanghai Composite and Shenzhen Component have been hammered, which slumps by almost 17% and 27%, respectively.

The Nikkei 225 in Japan, India’s Nifty 50, and the SET index in Thailand fared better, notching single-digit losses.

Singapore’s Straits Times index was the next-best performer in the region, which came just 0.53%.

The Jakarta Composite index decreased nattily in May and July before playing catch-up and has stayed above the 7,000 level since early August.

According to Maynard Arif, head of Indonesia equities at DBS Group Research, foreign investment into reserves has driven the index higher, and Indonesia has benefited from more elevated commodity prices. The Southeast Asian country is an exporter of commodities.

Economic recovery there has been on the uptrend after Covid restrictions were raised, though he added that created economies experienced this boost earlier.

Editor's Choice

Posts You Might Like

A Leader in Unrivalled Security | Joseph McGee

Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.

Styling the Perfect Wine | Jay Wright

Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.

Leading Farmacosmo with Vision and Innovation | Fabio de Concilio

Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.

Creating A Cleaner & Healthier Environment | David CM Carter

Character Determines Destiny – so said Aristotle. And David CM Carter believes that more than anything else. For David, it has been numerous years of research into codifying Entelechy Academy’s 54 character qualities that underpin everything he stands for as a leader and teacher.

The-corporate-magazine-15

Leave us a message

Subscribe

Fill the form our team will contact you

Advertise with us

Fill the form our team will contact you​