Indonesia’s IDX Composite slipped 21 points, or 0.3%, to 8,227 in Wednesday morning trade, marking a second consecutive decline following Wall Street’s overnight sell-off after Morgan Stanley and Goldman Sachs CEOs questioned the sustainability of lofty valuations. Investor caution was also weighed by private survey data showing services activity in top trading partner China rose the least in three months during October, signaling a loss of economic momentum amid ongoing trade challenges. Attention also turned to Indonesia’s Q3 GDP data due later today, with concerns that President Prabowo Subianto’s pro-growth agenda could drive higher imports and strain the current account. Still, losses were capped by the prospect of lower interest rates locally as Bank Indonesia commits to supporting growth. Producer manufacturing and energy minerals led falls, with notable drops from Jaya Sukses Makmur Sentosa (-6.0%), Archi Indonesia (-4.3%), AKR Corp. (-3.2%), and Gudang Garam (-2.45%).