The index of the Indonesian Stock Exchange dropped 1.55 percent to 5,769.87 points with the index of 45 most liquid stocks (LQ45) down 2.18 percent to 903.08.
Analyst of Henan Putihrai, Liza Camelia Suryanata, said the share prices fell as investors were still worried by the impact of the Turkish economic turbulence.
"Financial crisis in Turkey resulted in U.S. dollar gaining strength. The impact is negative on the majority of the world`s currencies," Henan said.
He said the negative impact of the Turkish financial turbulence would be temporary, adding investors would return to study the situation in the country.
"Our economic data are still better than those of Turkey. The sentiment, therefore, would be temporary," he said.
He predicted the IHSG would move in the range of 5,750-5,815 points on Wednesday with limited gain.
There were 408,021 trade transactions on Tuesday with 11.010 billion shares valued at Rp9.335 trillion changing hand. Decliners outnumbered gainers by 266 to 114 shares with 110 shares flat.
Regional markets such as Nikkei recorded an increase in index with Hang Seng and Strait Times recording a decline.
Reported by Zubi Mahrofi
Edited by Bustanudin
Reporter: antara
Editor: Heru Purwanto
Copyright © ANTARA 2018
