The index of the Indonesian Stock Exchange (BEI) opened 0.53 percent lower at 5,081.81 points with index of 45 most liquid stocks down 0.78 percent to 868.63 points.
Escalation of conflicts involving Russia in Ukraine was one of the factors triggering further correction in Asian markets including BEI this morning, an analyst said.
Concern over the conflicts prompted share sales to prevent more losses, they said.
In addition, the countrys GDP growth of 5.12 percent in the second quarter of this year was below expectation, lower than the targets of 5.3 percent set by the government and Bank Indonesia.
The market players also are awaiting the result of the first session on Wednesday of the Constitutional Court on dispute over presidential election.
Regional markets such as Hang Seng, Nikkei and Straits Times recorded a decline in index
Meanwhile rupiah, in interbank transactions lost more value trading at the level of 11,705 per US dollar from earlier level of 11,690 per dollar.(*)
Editor: Heru Purwanto
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