Seeking Alpha

Indonesia weak again, Malaysia keeps rates on hold

The market "spooked because of the rupiah," one trader in Jakarta says, explaining late selling pressure that sent Indonesian shares (IDX, EIDO) lower by 0.55%. The currency remains under pressure amid Fed and Syria jitters. Indonesia SmallCap ETF: IDXJ

Elsewhere, Malaysia's central bank keeps its overnight policy rate on hold (3%) as expected, noting that likely upward pressure on prices will be "from a low level and will be mitigated" by a number of factors. The bank also notes that in the Malaysian economy, "domestic demand has continued to support growth amid the weaknesses in external demand." (PR) Last month, data showed the country avoided slipping into a deficit in Q2. KLCI (EWM) +0.25%.

Across the region: SET (THD, TTF, TF) +0.8%, Ho Chi Minh (VNM) +1.3%, Straits Times (EWS, EWSS) +0.8%.

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