Share Down In Jakarta

Jakarta, Sept 11 (ANTARA) - The Indonesian Stock Exchange (BEI) opened trade on Tuesday with index slipping 8.19 points following global trend. The market players are still waiting for a German decision on its position in the European Central Bank (ECB) bond buying scheme and the Fed stimulus this week, Samuel Sekuritas` analyst Yualdo Yudoprawiro said here, Tuesday. The BEI Index fell 0.2 percent to 4,152.47 points with the index of 45 most liquid stocks ticking down 0.29 percent to 713.62 points. Asian markets fell this morning following the downtrend recorded by US and European markets last night. Efficiency programs launched by Japanese companies that resulted in cut in public consumption in that country also contributed to weakening global market, he added. "Today, there is no important economic data expected to be released by Asia Pacific countries," he said here on Tuesday. Kresna Securities` analyst Etta Rusdiana Putra said China`s economic data still showed slowdown in the world`s growth engine although it has been expected by the market. Meanwhile, Italy recorded again a contraction of 2.6 percent in its Gross Domestic Product (GDP) in the second quarter this year worse than market`s expectation of 2.5 percent on-year. The US job data showed unemployment in that world`s largest economy was stable at 8.1 percent giving rise to market expectation of more US stimulus . The sentiment could cushion selling pressure in the global market, Etta said. "Taking into account those factors, the BEI Index could move sideways to close at 4,120-4,185 points today," he said. Meanwhile regional markets Hang Seng inched down 0.49 percent to 19,729.85 points, Nikkei-225 slipped 0.76 percent to 8,801.76, and Straits Times gained 0.03 percent to 3,009.04 points.