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10-01-05 12:53
Tsunami hits Jakarta shares


The stock market in Jakarta has seen its biggest slide in a month, after the country doubled the likely cost of rebuilding from the Asian tsunami.

The fall came as Indonesia said it expected debt repayments of up to 30 trillion rupiah (£1.7bn) to be frozen to help pay for the recovery.

By Monday's close, the Jakarta Stock Exchange was down 2.1% at 1,011.15.

Bar a slight dip at the New Year, The JSE had risen steadily by 4.7% since the tsunami hit.

Construction and property companies in particular have gained ground, although banks were among the main fallers on Monday.


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