Indonesia rebounds, Malaysia avoids current account deficit

Indonesian shares (IDX, EIDO) mercifully rebound to post a 1% gain in Jakarta after suffering a veritable collapse over the past two sessions. The government says it will announce a policy package on Friday designed to fight inflation and joblessness.

Other regional shares are weak as stocks in Thailand (THD) and Vietnam (VNM) fall 1.1% and 0.4% respectively. The Straits Times (EWS, EWSS) is off 0.6%.

Malaysia's current account avoided slipping into a deficit in Q2, data showed late Wednesday — the country's current account surplus fell to 2.6B ringgit for the quarter from 8.7B in Q1. Malaysian equities (EWM) traded flat ahead of the data.

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