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Covid-19 is just a record, the tsunami of layoffs is just a matter of time?

Jakarta, CNBC Indonesia The Indonesian financial market experienced a correction in yesterday’s trading. The Composite Stock Price Index (JCI) and the rupiah exchange rate closed in red.

Yesterday, the JCI finished at 6,012.06. Weak 0.37% compared to the previous day.

Trading on the Indonesian stock market is relatively quiet with a transaction value of Rp 9.35 trillion. There are 19.05 billion units of shares traded with a frequency of 1.06 million times.

Although the JCI weakened and trading was quiet, foreign investors booked a net buy of Rp 86.79 billion in all markets. Thus, foreign investors recorded a net purchase of IDR 17.02 trillion throughout 2021.

Meanwhile, the rupiah exchange rate against the United States (US) dollar weakened slightly by 0.03% in the spot market trading. The US dollar is still above Rp. 14,400, to be exact, Rp. 14,435.

Other major Asian currencies tend to weaken against the US dollar. The following is the development of the US dollar exchange rate against the main currencies of the Yellow Continent shortly after the closing of the Indonesian spot market trading yesterday:

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