Nice try El.... psychological war... Keep cool, calm and confident... have faith with your stocks OB-ers.... Don't panic...
________________________________ From: obrolan-bandar@yahoogroups.com [mailto:[EMAIL PROTECTED] On Behalf Of Elaine Sui Sent: Friday, July 18, 2008 2:14 PM To: obrolan-bandar@yahoogroups.com Subject: [obrolan-bandar] August 1998, Reuters This is what the news looks like ten years ago. Russia (a super power country, at that time) defaulted its long term debt, which caused fear across the world. Now US is facing the same problem. Oh, mau gigit Astra Agro Embah sayang? Jangan menyesal ya. --^^_^^-- Elaine Friday, August 28, 6:35 am Eastern Time FOCUS-Indonesia shares dive, more pain seen ahead By Andrew Marshall JAKARTA, Aug 28 (Reuters) - Jakarta's main share index dived more than four percent on Friday, crashing through support at 350 points as markets tumbled across the globe, and dealers said further losses next week could pull it below the 330 level. The Jakarta composite share index dropped 15.92 points, or 4.5 percent, to 339.02, its lowest close since January 1993. The blue-chip LQ-45 index sank 5.6 percent to 71.98 points. ``The market has taken a battering and it is out of our hands, it's not because of anything that's happening in Jakarta,'' said Andre Cita, associate director at Jakarta's Bahana Securities. ``This is a regional shakedown because of what is happening in Russia. Everyone else is tumbling, so we are too.'' Dealers said financial turmoil in Russia was battering markets around the world. The Dow slumped 4.19 percent to 8,166 points, its lowest level since February, and Japanese shares ended at a 12-year low. But some dealers said domestic factors were also at work in undermining the Jakarta index. The half-year results season is under way, with several firms reporting heavy losses after more than a year of economic crisis in Indonesia. ``Markets across the region have been hit by renewed fears of a global economic downturn unleashed by Russia's meltdown. Our own earnings are not giving any cause for confidence either,'' one dealer said. Indonesia's rupiah escaped the carnage in equity markets, however, breaking through the key 11,000 to the dollar level. But despite the currency's gains, dealers said shares were likely to fall further next week. ``It looks like the U.S. market is going to get another hit, and if that happens it will make the markets here pretty nervous,'' Cita said. Arie Supangat, a dealer with Tifa Securities, said that after support at 350 points was broken, the next support level was at 330 points. Some analysts said Jakarta could be cushioned to some extent by the fact that it has already fallen so far over the past year. The market hit a record high of 742.95 points on July 9 last year. ``This market was already so depressed that maybe it will at some point decouple from events in the United States, because they have already overshot,'' Cita said. ``Jakarta is so incredibly low at this point that it could decouple.'' This email and any attachments are confidential and may also be privileged. If you are not the addressee, do not disclose, copy, circulate or in any other way use or rely on the information contained in this email or any attachments. If received in error, notify the sender immediately and delete this email and any attachments from your system. Emails cannot be guaranteed to be secure or error free as the message and any attachments could be intercepted, corrupted, lost, delayed, incomplete or amended. Standard Chartered PLC and its subsidiaries do not accept liability for damage caused by this email or any attachments and may monitor email traffic. Standard Chartered PLC is incorporated in England with limited liability under company number 966425 and has its registered office at 1 Aldermanbury Square, London, EC2V 7SB. Standard Chartered Bank ("SCB") is incorporated in England with limited liability by Royal Charter 1853, under reference ZC18. The Principal Office of SCB is situated in England at 1 Aldermanbury Square, London EC2V 7SB. In the United Kingdom, SCB is authorised and regulated by the Financial Services Authority under FSA register number 114276. If you are receiving this email from SCB outside the UK, please click http://www.standardchartered.com/global/email_disclaimer.html to refer to the information on other jurisdictions.
