The Indonesian Stock Exchange (BEI) fell 15.66 points, or 0.24 percent, to 6,452.91, and the index of the 45 most liquid stocks, or LQ45, declined 3.92 points, or 0.38 percent, to 1,027.15.
"The fairly steep global economic outlook, coupled with the absence of the US-China (trade) agreement, and the IHSG`s high rally may lead to it being corrected today," Valbury Sekuritas chief researcher Alfiansyah stated here on Wednesday,
The International Monetary Fund (IMF) has again revised downward its global economic growth forecast for 2019 to 3.5 percent, from 3.7 percent earlier.
The Fund had lowered its target of global economic growth for 2019 to 3.7 percent, from 3.9 percent, with developing nations` economic growth projected to fall to 4.5 percent from 4.6 percent.
The Chinese economy is also projected to slow down, from 6.6 percent last year to 6.2 percent this year.
The IMF has forecast global uncertainty, particularly regarding the US-China trade war and the imminent increase in the Fed rate that will cast a shadow on the global economy this year.
Regional market indexes, including those of Nikkei, rose 7.11 points, or 0.03 percent, to 20,630.02; Hang Seng weakened 0.73 points to 27,004.72; and the Straits Times Index declined 3.52 points, or 0.11 percent, to 3,189.19.
Reporting by Citro Atmoko
Editing by Suharto
Reporter: Antara
Editor: Azizah Fitriyanti
Copyright © ANTARA 2019
