KM Financial Solutions | SE Asia Stocks-Sluggish; Indonesia recovers on cenbank economic view
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SE Asia Stocks-Sluggish; Indonesia recovers on cenbank economic view

SE Asia Stocks-Sluggish; Indonesia recovers on cenbank economic view

By Hanna Paul
Oct 20 (Reuters) – Southeast Asian markets were largely
sluggish on Friday, while Indonesia snapped a three-day
losing streak after a positive economic outlook by the country’s
central bank boosted sentiment.
Indonesia’s central bank said it expects gross domestic
product (GDP) growth for the year to be better than initially
forecast. The bank stayed pat on its benchmark rates after
trimming them in the past two months.
The Jakarta benchmark closed higher for the th

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