JAKARTA/SINGAPORE ― The Indonesian arm of Malaysia-based home improvement retailer Mr. DIY Group dropped in its stock market debut on Thursday after raising 4.16 trillion rupiah ($257.6 million) in Indonesia's biggest listing in more than a year.
The market debut came against the backdrop of broad weakness in Asian stocks after the US Federal Reserve cautioned it would ease the pace of rate cuts in the coming year. Bond yields rose and the dollar was perched near a two-year high on Thursday.
