Market Pulse: Turbulence From Rising USD Interest Rates

Last week, the Rupiah weakened and nearly touched the Rp14,000 per US dollar level. In Jakarta's Stock Market, the Jakarta Composite Index (JCI) also fell and closed Thursday afternoon around 5,900, down from a high of 6,300 just three days before that. Volatility following the US Federal Reserve's interest rate hike policy has shaken and weakened several markets, including ours. With US interest rates rising, US government bond yields have reached

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