Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Monday opened down 11.75 points, followed by regional markets due to the reduction of financial stimulus the U.S. central bank ( the Fed ) .
BEI index opened down 11.75 points, or 0.27 percent to 4407.01 . While the index of 45 leading shares ( LQ45 ) fell 3.05 points ( 0.41 percent ) to a level of 738.71 .
Head of Research at Trust Securities , Reza Priyambada on Monday said the BEI index movement is likely to weaken following the regional markets due to the reduction in the U.S. fiscal stimulus in the form of quantitative easing ( QE ) .
" The pace of the affected Asian stock markets weakening U.S. and European stock markets after the release of the results of the meeting of the Federal Open Market Committee ( FOMC ) last week started tappering off to 65 billion U.S. dollars per month , " he said .
On the other hand , he added , the domestic capital market players also are anticipating the release of macroeconomic data in the country which will be published in the Central Bureau of Statistics earlier this week .
Head of Research Valbury Asia Securities , Alfiansyah added in the initial phase of withdrawal of U.S. stimulus , then the prospects for investment products of developing countries tend to be less attractive .
" At least that's the assumption used by the majority of global investors , " he said .
According to him , the key terpentig that can give peace to the market participants , the stability of the exchange rate to be maintained . It will provide positive support for BEI index trends drove into positive territory this week .
Regional exchanges , including the Hang Seng index fell 106.19 points ( 0.48 percent) to 22141.61 , the Nikkei index fell 213.01 points ( 1.43 percent ) to a level of 14701.19 and Straits Times fell 29.74 points ( 0.98 percent ) to 2997.66 position .
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