Jakarta (Antara Bali) - The Jakarta composite index fell on Thursday following the Fed's decision to scale down its massive financial stimulus.
The Federal Reserve announced on Wednesday that it will further trim its pace of bond purchases by 10 billion U.S. dollars starting February.
The market expected that the Fed will reduce asset purchases by US$10 billion at each meeting to end the program this year, as U.S. economic activity is expanding at a moderate pace, and labor market conditions have shown further improvement.
The index of the Indonesian Stock Exchange (BEI) opened 65.18 points or 1.5 percent lower at 4,351.25 points with index of 45 most liquid stocks down 2.03 percent to 727.39 points.
"Asian markets including BEI suffered a significant correction this morning," Samuel Sekuritas' analyst Adrianus Bias said. (*/DWA)
