Indonesia: Vale Retreats

Bloomberg reported on unusual trading on the Jakarta Composite Index on Wednesday.

As quoted in the market news:

PT Vale Indonesia (INCO) , Indonesia’s biggest nickel producer, retreated 4.4 percent to 2,725 rupiah, the lowest close since Oct. 5. Nickel futures declined as much as 0.9 percent to $17,201 a barrel in London, extending yesterday’s 1.3 percent loss.

Click here to read the full Bloomberg report.