Indonesian shares slip 0.6% as investors await Bank Indonesia decision

Indonesian stocks fell 39 points, or 0.6%, to 6,410 in early Wednesday trading, giving back gains from the previous two sessions as weaker Wall Street sentiment spilled into the market. Pressure came from an overnight selloff in semiconductor shares, elevated bond yields and firmer oil prices, while local caution was reinforced by recent natural disasters, doubts over 2027 budget assumptions and delays to electric motorcycle incentives. Attention later in the day was centered on Bank Indonesia's policy decision, the first under Acting Governor Destry Damayanti, with rates expected to remain unchanged after a cumulative 100 basis-point increase since May. Investors were also watching how the central bank may balance currency stability with President Prabowo Subianto's growth agenda. Losses were broad across sectors, led by energy, cyclical stocks and basic materials, while gains in property stocks helped limit the decline. Among the notable laggards were MNC Tourism, Bank Jago, Pertamina Geothermal Energy and Alamtri Minerals.

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