Jakarta shares tumble

Indonesian shares closed 1.1 percent lower on Wednesday as tight liquidity forced investors to take profits, dealers said. The Jakarta Composite Index fell 15.18 points to 1,321.45 in thin trade. "I hope liquidity will ease if the central bank cuts interest rates next week," a trader told Dow Jones Newswires.
Nickel miner Inco slid 4.8 percent to 2,475 rupiah, Bank Rakyat Indonesia fell 1.7 percent to 4,250, and heavyweight Telkom dropped 2.3 percent to 6,350 on profit taking. Coal miner Bumi Resources rose 3.1 percent to 510 rupiah on bargain buying. The rupiah ended at 11,327 to the dollar compared with 11,320 previously.