Jakarta (ANTARA News) - The Jakarta composite index (JCI) opened slightly lower in the opening trade on Wednesday to follow the regional trend.

The index of the Indonesian Stock Exchange (BEI) slipped 2.97 points or 0.06 percent to 4,906.54 points with index of 45 most liquid stocks down 0.09 percent to 824.59 points.

The majority of Asian markets were under pressure of the Iraqi conflict, head of the research of Valbury Asia Securities Alfiansyah said.

Investors keep an eye on the growing Iraqi conflict that is feared to affect world oil supply, and result in oil price hike, he said.

Increase in oil price would add to the problem of global economic slowdown , he said, adding the condition would cause greater worries in investing in risky assets of developing countries such as Indonesia.

Regional markets such as Hang Seng and Straits Times recorded a decline in index , but Nikkei gained slightly.(*)

Editor: Heru Purwanto
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