$1 Billion in Foreign Capital Exits Indonesia’s Financial Markets in One Week
Jakarta. Foreign investors withdrew Rp 16.61 trillion ($1 billion) from Indonesia’s financial markets between October 13 and 16, with the largest outflow recorded in government bonds (SBN), according to Bank Indonesia (BI).
Ramdan Denny Prakoso, BI’s head of communications, said the outflows included Rp 11.9 trillion from government bonds, Rp 1.09 trillion from equities, and Rp 3.62 trillion from Bank Indonesia’s rupiah securities (SRBI).
“Based on transactions from October 13–16, nonresidents recorded a net sell of Rp16.61 trillion -- consisting of Rp 1.09 trillion in equities, Rp 11.90 trillion in government bonds, and Rp 3.62 trillion in SRBI,” Ramdan said in an official statement released Saturday.
From January 1 to October 16, total foreign capital outflows reached Rp 166.7 trillion ($10 billion), comprising Rp 51.24 trillion in net equity sales, Rp 132.75 trillion in SRBI outflows, and a net purchase of Rp 17.28 trillion in government bonds, BI data showed.
As of October 16, the yield on Indonesia’s 10-year government bonds stood at 5.94 percent, while the U.S. 10-year Treasury yield eased to 3.975 percent, reflecting a shift in global investor sentiment.
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