Indonesia stock market falls 9%, rupiah drops to record low
- On Tuesday, April 8, Indonesian stocks plunged after markets reopened following a week-long holiday.
- Global market turmoil, spurred by U.S. President Trump's tariffs, created pressure on Indonesian markets.
- The Jakarta Composite Index fell sharply, triggering a 30-minute trading suspension at 9:29 am Jakarta time.
- The Jakarta Composite Index dropped 9.19 percent, while the rupiah fell 1.7 percent to 16,845 per US dollar.
- The Indonesia Stock Exchange adjusted trading halt thresholds to ensure orderly trading amid investor concerns about escalating global risks.
39 Articles
39 Articles
Bank Indonesia says will act boldly to maintain rupiah stability
JAKARTA (Reuters) – Indonesia’s central bank will act boldly to maintain rupiah stability by intervening in the spot, domestic non-deliverable forwards, and bond markets, a deputy governor said on Wednesday after the rupiah hit a record low against the dollar. Senior deputy governor Destry Damayanti told Reuters that moves in domestic bonds on Wednesday indicated that investors still had confidence in the sovereign bond market. The rupiah hit a …
Indonesia stock market falls 9%, rupiah drops to record low
JAKARTA: Indonesia's stock market dropped 9 per cent in early trade on Tuesday (Apr 8), triggering a 30-minute trading halt, and the rupiah fell 1.8 per cent to a record low as markets reopened after an extended holiday break and reacted to the global market turmoil caused by US tariffs. The main index fel
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