QUOTE(icemanfx @ Mar 18 2025, 08:19 PM)
Indonesia's stock market halted trading on Tuesday for the first time since 2020 after the benchmark Jakarta Stock Exchange Composite Index plunged more than 7% from the previous day's close, reigniting concerns over economic stability and consumer sentiment.
The Indonesia Stock Exchange halted trading for 30 minutes this morning after the index lost 5%.
The Indonesia Stock Exchange announced on Tuesday that a temporary halt on the trading system was confirmed at 11:19:31 Jakarta time due to the IDX composite's decline. When trading resumed, the index extended its losses to 7.1% at one point, before regaining some ground.
https://asia.nikkei.com/Business/Markets/Eq...-trading-halted
Will this drop spread to other ASEAN market like AFC 1997?
Indonesia is not the first. Thailand is the first of SEA and now Indonesia.The Indonesia Stock Exchange halted trading for 30 minutes this morning after the index lost 5%.
The Indonesia Stock Exchange announced on Tuesday that a temporary halt on the trading system was confirmed at 11:19:31 Jakarta time due to the IDX composite's decline. When trading resumed, the index extended its losses to 7.1% at one point, before regaining some ground.
https://asia.nikkei.com/Business/Markets/Eq...-trading-halted
Will this drop spread to other ASEAN market like AFC 1997?
Surprise to admit but in comparison Malaysia is more well run with our gov doing the correct steps of reducing deficit. Increasing revenue collections and reducing stimulative spending. Nevertheless we still see foreign fund outflow hitting bursa with index going below 1.5k. But i believe we wont have panic capitulation like indo unless tariff target our export hard on april 2nd
Both thai and indo is a result of wrong policy at the wrong time.
Mar 18 2025, 09:38 PM

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