Why Did Foreign Investors Flee from the Financial Markets?

By Editorial Team 04/08/2020
Grafik Menukik
Summary

Financial markets were depressed earlier in the week. Jakarta Composite Index (IHSG) fell 2.78 percent to 5,006.22 at the close, Monday (8/3), as foreign investors sold Rp 148 trillion in stakes. In the first trading session, JCI had even dropped more than 4 percent.

The bond market had the same fate. Yields on government bonds (SUN) of almost all tenors went up, indicating that the price decline due to selloffs. For example, the yield on 3-year short tenor SUN rose by 25 basis points to 5.64 percent, while the yield on 25-year tenor rose six basis points to 8.01 percent

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