The index of the Indonesian Stock Exchange closed 102.44 points or 2.25 percent lower at 4,460.41 points with index of 45 most liquid stocks down 2.70 percent to 749.20 points.
Panin Sekuritas` analyst Purwoko Sartono in Jakarta attributed the decline to external factors.
"Global investors are still awaiting report about the US stimulus," Purwoko said.
Meanwhile, the US government budget and debt ceiling are already in difficult position and the condition is worse with split in view in the government over proposal to raise the budget, he said.
The condition in the United States is negative in the eye of market players, he added.
"The BEI index tends to continue to weaken yet but there is an opportunity of rising on buy on weakness after extended decline over the past several days," he said.
Trading on Tuesday had 177,998 transactions with 4.153 billion shares worth Rp4.709 trillion changing hands.
Gainers were outnumbered by decliners by 52 to 236 with 76 shares remained unchanged.
Foreign investors sold more shares than they bought resulting in net sales of Rp624.845 billion.
Regional markets such as Hang Seng recorded a 0.82 percent fall in index to 23,179.04 points with Nikkei-225 index down 0.07 percent to 14,732.61 points and that of Straits Times declining 0.01 percent to 3,214.10 points.(*)13 18:11:08
Editor: Heru Purwanto
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