Indonesian shares fell 90 points, or 1.2%, to 7,010 in Monday morning trade, marking a third straight decline as U.S. stock futures weakened amid the prolonged Middle East conflict, raising risks of inflation and global recession. Markets now imply 12bps of Fed tightening this year, a sharp shift from 50bps of cuts priced a month ago, Reuters reported. Caution also mounted ahead of key domestic releases this week, including March inflation and February trade data. Inflation rose to 4.76% in February, a near three-year high and above Bank Indonesia’s target. Meanwhile, January imports surged ahead of Ramadan and Eid al-Fitr, straining the trade balance. Still, losses were offset by new central bank measures to curb rupiah speculation, effective April 1st. Declines were broad-based, led by financials, cyclicals, and property. Among top laggards were MD Entertainment (-7.4%), Buana Lintas Lautan (-4.7%), Vale Indonesia (-4.7%), Chandra Asri Pacific (-4.5%), and Transcoal Pacific (-4.3%).