Sakari

Sakari: falls 7.0% to $1.27, probably due to the broader market selloff on macro-economic concerns. Indonesian coal plays' underperformance compared with other regional coal plays may be due to the Indonesian benchmark stock index's 3.6% drop, the worst in the region. While Reuters reported Indonesia's mining minister suggested the country would consider curbing the export of coal to ensure domestic supply, an Indonesia-based analyst says the comments aren't anything new and attributed the sector's drop to overall macro concerns. The stock's intraday low of $1.255, also its lowest since mid-2009, may offer limited support.