Indonesia stocks lower at close of trade; IDX Composite Index down 2.93%

The IDX Composite Index in Indonesia closed down 2.93%, indicating a bearish sentiment in the market. This decline was likely influenced by external factors such as global economic concerns and potential tightening of monetary policy. Investor confidence appears to be shaken, leading to widespread sell-offs across sectors. Market participants are advised to be cautious amid this volatility. The overall downward pressure may continue unless catalysts for recovery are identified.