Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Global Stocks Sink after Greece Closes Banks

29 June 2015 17:38 WIB

TEMPO.CO, Beijing - Global stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts.

Oil prices declined and the euro edged down after Athens announced the moves to stanch the flow of money out of Greek banks and pressure creditors to offer concessions before a bailout program expires Tuesday.

Germany's DAX index tumbled 2.9 percent to 11,161.41 points in early trading and France's CAC-40 dived 3.4 percent to 4,887.69. Britain's FTSE 100 dropped 1.6 percent to 6,643.83. Futures augured losses on Wall Street. Dow futures were down 1.1 percent at 17,677.00. S&P 500 futures shed 1.1 percent to 2,073.00.

Greece's Cabinet closed banks for six business days and restricted cash withdrawals. The Athens Stock Exchange was due to be closed Monday. That follows Prime Minister Alexis Tsipras' weekend decision to call a referendum on European and International Monetary Fund proposals for Greek reforms in return for bailout funds.

The accelerating crisis has raised questions about whether Greece might withdraw from the 19-nation euro currency, a move dubbed Grexit.

"Even if a deal is somehow reached, the ability of Greece to implement agreed reforms is doubtful," said IHS Global Insight economist Rajiv Biswas in a report.

Greek withdrawal from the euro could lower Asian economic growth by 0.3 percentage points next year due to disruption in trade and financial markets, Biswas said.

In Asia, the Shanghai Composite Index fell 3.3 percent to 4,053.03 despite China's surprise weekend interest rate cut. Tokyo's Nikkei 225 shed 2.9 percent to 20,109.95.

Hong Kong's Hang Seng fell 2.6 percent to 25,966.98 and Sydney's S&P/ASX 200 was off 2.2 percent at 5,422.50. Seoul's Kospi dropped 1.4 percent to 2,060.49 and India's Sensex declined 1.5 percent to 27,385.05.

The euro slipped to $1.1066 from the previous session's $1.1168. The dollar declined to 122.96 yen from 123.89 yen.

Globally, Greece's brinksmanship with its creditors is unlikely to have the impact of the financial panic set off by the collapse of Lehman Bros. in September 2008, economists said.

"Today, the European banks have shed much of their Greek debt and they have significantly increased their capital," said Mark Zandi, chief economist at Moody's Analytics.

"A Greek default and exit from the euro zone would be devastating to Greece's economy, but no one else's," said Zandi. "So, the Greek standoff will be disconcerting to financial markets, but only temporarily."

The European Central Bank has vowed to do whatever it takes to prevent a financial panic.

The ECB is committed to buying 60 billion euros a month in bonds to push down interest rates and help economies that use the euro. It could buy more and flood financial markets with cash to calm jittery investors.

"They stand ready to do whatever it takes," said Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics.

China's rate cut, the fourth since November, appeared to be aimed at reassuring investors after a plunge in share prices last week, rather than boosting economic growth, analysts said.

Beijing cut its benchmark lending rate by 0.25 percentage point and freed up money for lending by lowering the reserves banks are required to hold.

The timing is "rather market-friendly" and appears to be meant to "provide a support to the market sentiment," said Credit Suisse economists Dong Tao and Weishen Deng in a report.

In energy markets, U.S. benchmark crude declined $1.11 to $58.52 a barrel in electronic trading on the New York Mercantile Exchange. The contract shed 7 cents in the previous session to close at $59.63. Brent crude, used to price international oils, shed $1.24 cents to $62.02 in London.

AP



JCI Collapses after Jokowi Ministers Inauguration

23 Oktober 2019

JCI Collapses after Jokowi Ministers Inauguration

Throughout the first trading session, the JCI moved between 6,235 and 6,197.


IDX Invites Traveloka to Go Public

10 April 2019

IDX Invites Traveloka to Go Public

The Indonesia Stock Exchange (IDX) said that they have met with Traveloka to invite the unicorn into the capital market.


Boeing Shares Dip again as More Countries Ground 737 MAX 8 Jets

12 Maret 2019

Boeing Shares Dip again as More Countries Ground 737 MAX 8 Jets

Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday.


JCI Weakens over Trade War Fear

8 Maret 2019

JCI Weakens over Trade War Fear

The Jakarta Composite Index (JCI) opened weak this morning, March 8 at the Indonesia Stock Exchange (IDX).


Asia Slips, Euro Hovers at 2-month Peak amid Global Bond Rout

24 Oktober 2018

Asia Slips, Euro Hovers at 2-month Peak amid Global Bond Rout

MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.4 percent.
Australian shares shed 1.2 percent and South Korea's Kospi also fell.


Index Welcomes New President; Closes Strong

19 Oktober 2018

Index Welcomes New President; Closes Strong

Investors' enthusiasm of a new government helped the domestic
stock market to close strong on yesterday's trade.


Asian Shares Near 2-Month High Ahead of China Data

19 Oktober 2015

Asian Shares Near 2-Month High Ahead of China Data

Asian shares held little changed near two-month highs in early Monday trade,
with investors looking to a range of economic data from China for clues.


China Share Indexes Hit 7-week Highs

16 Oktober 2015

China Share Indexes Hit 7-week Highs

China stocks rose on Friday to seven-week highs, with main indexes registering
their best weekly performance in four-and-a-half months


IDX Calls on House to Simplify SOE Listing Process

15 Oktober 2015

IDX Calls on House to Simplify SOE Listing Process

IDX president director Tito Sulistio called on the House of Representatives to
simplify regulations for state-owned enterprises listed in the IDX.


Foreign Net Buy at Rp2.26tn

15 Oktober 2015

Foreign Net Buy at Rp2.26tn

Last week`s speculations of the Fed Rate hike plan delay
prompted foreign investors to buy in bulks, resulting in a
net buy of Rp2.263 trillion.