Indonesian Digital Banking will Grow Rapidly in Coming Years

JAKARTA (TheInsiderStories) – Global stocks markets are in red alert. Dow Jones, S&P 500, and Nikkei 225 fell more than 3 percent yesterday, while Nasdaq plunged 4 percent, the worst since Brexit referendum 2 years ago.

The observers said, the impairment is still caused by International Monetary Fund (IMF) cuts the global economic growth from 3.9 percent to 3.7 percent and the worsening of US-China trade war. Other than that, the investors also have fears over United States (US) Federal Reserves rate hike.
Asia stocks markets seen falling significantly, as China lets its currency sagged and domestic stocks market in declining trend. Indonesia stocks market, which is prone to global shock, is also hit. Today, the Jakarta Composite Index closed in the red zone, and has decreased by 2.02 percent to 5,702.82 compared to yesterday.
Again the observers rated, the investors did not see certainty in the government policy like what happened yesterday on the fuel price policy. After announced will hike the price, then, investors are being turned down by government’s decision to suspend the fuel price hike.
Rupiah also suffered today weakened by 0.16 percent or 24 point to 15.224 against the greenback. By looking at global turmoil and weak economic fundamentals, the Rupiah is projected to continue to undergo correction until 2020.
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