Indonesian rupiah slides 1 per cent to weakest since July 1998

Indonesian rupiah falls 1 per cent to 14,645 per dollar on Wednesday, a new 17-year low for the currency, as deepening concern over China's economy hit Asian currencies and stock markets. 

PHOTO: AFP

SEP 23, 201512:16 PM

[JAKARTA] Indonesian rupiah falls 1 per cent to 14,645 per dollar on Wednesday, a new 17-year low for the currency, as deepening concern over China's economy hit Asian currencies and stock markets.

Indonesian stock index fell 1.6 per cent, heading for its biggest decline since Sept 7.

Earlier on Wednesday, a private survey showed activity in China's factory sector unexpectedly shrank to a 6-1/2 year low in September.

REUTERS