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.

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.

Indonesia is not the first. Thailand is the first of SEA and now Indonesia.

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.

Believe similar was said in 1997.

"As said before, we compare relatively, most with those we know really good or with whom we have a similar starting point. But what is frightening, when we are envious, we not only feel bad, we make often poor and unreasonable decisions.

'There is an old Russian story where a farmer finds a magic lamp. He rubs it, and a genie appears who promises to grant him one wish. The farmer thinks for a moment then says: 'My neighbor has a cow. I don't have a cow. I wish my neighbor's cow dead.''- Peter Bevelin

Its sad to see Thailand at this stage.

Aging population, decline demand of Japan Automobile due to China EV, King and Royal Issue.

When the going gets tough, the tough get going. Vietnam will fare better in this coming decade. Malaysia will be forever stucked in 3R issues

IJM also got business in Indonesia, so maybe a combination of many factors.

bursa  got what stock can buy?

bursa  got what stock can buy?

not advisable to buy now, you see the foreign net sales everyday, something is brewing.

When market no direction stay low. Don’t know how long this situation will last.

i like to do bottom fishing though, haha. But currently staying on sidelines coz don't know what can buy. Share price not high, but not too low either. 

I think highly likely this isn't the bottom yet, Trump's tariffs haven't taken into effect. The market rebound you see these few days is just dead cat bounce, a normal occurrence when stocks are oversold.

on one hand, there could be a recession in US. But on another hand, if the fear of Trump's policies subsides, then markets will rally. But glad that I'm like most investors here, holding some cash & watching at sidelines