Indonesia: Stocks Fall Sharply to Kick Off Week.

Indonesian shares slipped 78 points, or 1.2%, to 6,461 in early Monday trade, extending losses for a fourth session to a two-week low. Sentiment weakened as U.S. futures fell amid surging oil prices after Saudi Arabia shut a key pipeline following drone attacks and postponed talks with Gulf states. Hotter-than-expected U.S. inflation also reinforced the case for higher rates. In China, Indonesia’s top trading partner, August activity data due Tuesday will cover industrial output, retail sales, and the surveyed unemployment. All major sectors retreated, led by basic materials, energy, infrastructure, and transport. Still, losses were partly capped by policy efforts to shore up confidence, including President Prabowo’s pledge to rein in the budget deficit and regulators’ moves to address MSCI’s transparency concerns ahead of its November review. Notable laggards included Merdeka Copper Gold (-4.9%), Darma Henwa (-2.9%), Aneka Tambang (-2.8%), and Barito Pacific (-2.1%).