Jakarta shares drop

Jakarta share prices closed 2.34 percent down on Tuesday in line with falls in regional markets which were triggered by Wall Street's overnight drop, dealers said.
They said the prospect of higher US interest rates only accelerated the outflow of funds while Bank Indonesia's decision to keep its BI rate flat at 12.50 percent had little impact on trading.
The Jakarta Stock Exchange composite index closed down 32.093 points at 1,316.945 on volume of 1.31 billion shares valued at 1.24 trillion rupiah (132.62 million dollars).
Decliners led advancers 92 to 23, with 54 stocks unchanged.
Among major stocks, Telkom dropped 400 rupiah to 7,250 and Indosat lost 150 to 4,650. State-run Bank Mandiri lost 20 to 1,660 while Bank Rakyat Indonesia lost 100 at 3,800.
Car dealer Astra International was down 50 at 9,450 and heavy equipment unit United Tractors shed 300 to 5,300.
State gas distributor Perusahaan Gas Negara dropped 550 to 11,850 while oil and gas firm Medco declined 150 to 3,950. State nickel and gold miner Antam was also down 150 to close at 4,150.