
Indonesia's composite stock index IHSG fell 3.78% to 4,904.29 on Tuesday, dropping below the 5,000 psychological level, while the rupiah edged up 0.03% and the 10-year government bond yield held at 7.707%. Foreign investors were net sellers of Rp 575 billion, with basic materials and real estate leading the losses.
Heavy equity outflows and a weak currency raise import costs for Indonesian feed ingredients priced in dollars, such as soybean meal and corn. Sharp domestic financial stress can also tighten local credit for feed mills and livestock producers.
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