"Asian markets started trading with falling indexes including BEI index on unfavorable US economic data," analyst Yualdo Yudoprawiro said.Jakarta (ANTARA News) - The Indonesian Stock Exchange (BEI) started trading on Tuesday with composite share price index falling 20.48 points to follow regional trend.
The BEI index fell 0.48 percent to 4,281.96 points with index of 45 mots liquid stocks down 0.71 percent to 728.44 points.
"Asian markets started trading with falling indexes including BEI index on unfavorable US economic data," Samuel Sekuritas` analyst Yualdo Yudoprawiro said.
Yualdo said US market weakened in last night trading on contraction in US manufacture data in November .
"There is uncertainty in the US fiscal cliff compromise after President Obama rejected a proposal to cut the budget by US$1.2 trillion and additional tax of US$800 billion by the Republican faction in the Parliament," he said.
In Indonesia, banking and telecommunications shares , which strengthened significantly on Monday are expected to fall on profit taking today, he said.
Panin Sekuritas` analyst Purwoko Sartono said BEI index movements are restricted by the position of wait and see taken by investors on US budget talks .
"The fiscal cliff issue seems to continue to be the focus of attention by investors in the next several days," he said.
Regional markets, Hang Seng recorded a 0.01 percent decline in index to 21,766.27 points with Nikkei-225 index down 0.40 percent to 9,420.26 ppints and that of Straits Times falling 0.29 percent to 3,056.83 points .(*)
Editor: Heru Purwanto
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