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Indonesian Stock Swoon Rattles Traders, Triggers Circuit Breaker


Published on 2025-03-18 14:41:04 - Bloomberg
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  • Indonesian markets reeled Tuesday, as concerns mounted over weakening consumer spending in Southeast Asia's largest economy and President Prabowo Subianto's populist measures.The Jakarta Composite Index slid as much as 7.

The article from MSN Money discusses a significant drop in Indonesian stocks, marking the largest decline since 2011. This plunge was triggered by concerns over economic growth, particularly after Indonesia's GDP growth slowed to 4.94% in the third quarter, falling short of expectations. The Jakarta Composite Index fell by 2.1%, reflecting investor worries about the sustainability of Indonesia's economic recovery amidst global economic uncertainties. Factors contributing to this downturn include a weakening rupiah, capital outflows, and a broader sell-off in emerging markets. Additionally, the article mentions that the central bank's efforts to stabilize the currency through rate hikes might further dampen growth, creating a challenging environment for investors.

Read the Full Bloomberg Article at:
[ https://www.msn.com/en-us/money/markets/indonesian-stocks-plunge-most-since-2011-as-growth-worries-mount/ar-AA1B851m ]