“In my personal opinion, Blibli will not be so different from Bukalapak or GoTo. I even think they’re somewhat late,” said Indonesian Digital Empowerment Community (IDIEC) chair Tesar Sandikapura.

In Indonesia, southeast Asian pulp and paper producers are continuing to expand production, putting the country's remaining forests under pressure.

Asian shares were mostly higher on Wednesday, with US corporate earnings aiding sentiment, while traders awaited British inflation readings later in the day for clues on how hawkish central banks need to be to fight inflation. 

European equities rose with sterling Tuesday after the UK government scrapped a controversial debt-funded mini-budget. Most Asian markets gained earlier in the day.

Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal. 

Tokyo stocks ended lower on profit-taking following sharp gains on Friday and lackluster automakers amid fears over a possible US recession resulting from the Federal Reserve's aggressive interest rate hikes.

The long-awaited IPO of e-commerce platform Blibli aims to raise around US$530 million when it lists its shares on the Indonesian bourse next month.

Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for a further drastic tightening in global financial conditions, with all the risks of recession that brings.

Asian shares tracked Wall Street higher on Friday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.6 percent in early Asia trade. Australia's resources-heavy share index gained 1.6 percent, South Korea advanced 2.1 percent, while Japan's Nikkei jumped 2.8 percent.

Equities fell in Asia and the dollar maintained its strength Thursday ahead of the release of US inflation data that could determine the pace of Federal Reserve interest rate hikes.

The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for US inflation data and its impact on further Federal Reserve rate hikes.

Hong Kong's stock benchmark on Tuesday fell below 17,000 points for the first time in 11 years, after China vowed to stick to its zero-COVID policy, adding to slowdown concerns amid heightened US tech crackdowns and aggressive overseas rate hikes.

Stocks skidded lower in Asia on Monday after a surprise drop in US unemployment quashed any thought of a pivot on policy tightening ahead of a reading on inflation which is expected to see core prices move higher again.

Asian stocks declined on Friday, extending a global equity slide to a third day, as investors fretted over recession risks amid signs of further aggressive central bank policy tightening.

Asian shares were cautiously higher on Thursday, while the dollar eased ahead of US non-farm payrolls data, and oil prices gained for a fourth day after deep production cuts pledged by OPEC+ members.

Hong Kong stocks soared Wednesday as investors returned from a public holiday to play catch-up, with a global rally fueled by easing concerns about central bank interest rate hikes.

The Financial Services Authority (OJK) has upgraded its target for the growth of the domestic capital market to more than Rp 182 trillion this year, more than 4 percent higher than initially projected.

Stocks drifted in Asia on Monday as investors await key US jobs data, while girding themselves for a corporate earnings season many fear will highlight the impact of surging inflation and interest rates.

The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies fell sharply after European inflation hit a record high and US consumer spending increased faster than expected.

Asian shares on Friday were headed for their worst month since the onset of COVID-19, while jitters in currency and bond markets persisted over hawkish talk from central banks, worries about a global recession and rising geopolitical risk.

Sterling slid as low as $1.0763 in early morning London deals, one day after the BoE snapped up long-dated government bonds in order to prevent a "material risk" to stability.

Asian stocks rallied Thursday as UK and US government yields fell after the Bank of England jumped into bond markets to prevent a fresh financial catastrophe.

The pound was on track for its biggest monthly fall since October 2008, just after Lehman Brothers collapsed.

Asian share markets tumbled on Wednesday as surging borrowing costs intensified fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows.

The instructions were given verbally by the Shanghai and Shenzhen Stock Exchanges through so-called "window guidance", or unofficial policy directives with no written documents, one of the sources said.

Sterling steadied on Tuesday, but was perched above its record low only thanks to soaring yields on British debt and the hope of a response from policymakers or politicians, with its gyrations unnerving markets to the benefit of the dollar.

The British pound tumbled nearly 5 percent to an all-time low on Monday as investors ran for the exits after the new government's fiscal plan threatened to stretch Britain's finances to their limits.

The government is set to tighten its grip on cryptocurrency trading in the country in a move that analysts say will slow the growth of the industry but will serve the long-term interests of investors.

Hong Kong has lost its crown as Asia's premier finance center to Singapore in a global ranking list where New York and London maintained their number one and two spots.

Asian markets fell again Friday as part of a global sell-off fueled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation.