Astrindo Nusantara Infrastruktur is trading at IDR 109.00, down -5.22%, amid risk aversion after hotter-than-expected U.S. inflation, according to the supplied market alert.
- On October 15, Indonesia’s benchmark index fell more than 2% intraday as inflation concerns raised expectations of tighter U.S. monetary policy and potential capital outflows from emerging markets.
- No clear company-specific catalyst was found. Major cryptocurrencies were mixed since the prior close: BTC -0.28% and ETH -0.90%; crypto weakness does not appear to explain the larger stock decline.