Jakarta (Antara Bali) - The Jakarta composite share price index dropped 25.47 points in the opening trade on Friday to follow the global trend.
The index of the Indonesian Stock Exchange opened 0.57 percent lower at 4,460.64 points with index of 45 most liquid stocks down 0.86 percent to 745.74 points.
Samuel Sekuritas' analyst Benedictus Agung said the majority of markets in Asia including BEI suffered a setback on pressure hitting the US market on Thursday night.
"The market began to worry again about US central bank monetary stimulus tapering off," Benedictus said.
The market is worried that the Fed would begin to phase out its bond buying program earlier after a 2.8 percent growth recorded in the US gross domestic product (GDP) in the third quarter of 2013.
"The US GDP growth was far higher than previously expected," he added.
The negative sentiment from the United States was stronger than the positive sentiment Europe, where the European Central Bank (ECB) cut its interest rate to 0.25 percent from 0.5 percent.
"Meanwhile, there was no new significant positive sentiments in the country that BEI index was forced to follow the regional trend," Benedictus said .
The market players are also waiting for report from China about the trade data of the world's second largest economy, he added. (*/DWA)
