Indonesia’s JCI Slips Slightly With Adaro, Vale Hit Hardest — Market Talk

0928 GMT [Dow Jones] The Jakarta Composite Index drifts sideways on a muted lead from other Asian and U.S. markets, falling 0.3% to a close of 5423.95. Vale Indonesia and Adaro Energy are among the worst hit, falling 2.3% and 3.8%, respectively. United Tractors gains 4.4% and Astra Agro Lestari rises 4.1%. In local news, the government is considering cutting its corporate income tax rate to 17% from 25%, a move that could help boost profits of listed companies, though the impact on stocks during the session appears very limited. (jake.watts[a]wsj.com; [a]jmwatts_)

 
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