At Midday JCI Declines for Third Straight Day
Jakarta Globe | February 07, 2012
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Indonesian stocks fell, trailing declines across most of the region, as investors await a firm outcome of Greece’s talks with fund managers over payment of its debts.
The Jakarta Composite Index dropped 38.00, or 1 percent, to 3,936.79 at the midday break, heading for its third day of declines. Companies with large market values including Astra International, which overseas investors own shares, led losses.
The Greek government is working out a plan with creditors who would have to voluntarily agree to smaller payments on their investments in Greek debt, helping to avoid Greece from defaulting.
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