Stock Trading Halted after Indonesia's Key Stock Index Falls 9.2%
On Tuesday (08 April 2025) the stock market reopened in Indonesia after the long Idul Fitri holiday. And so, it was the first time investors could respond to global turmoil that occured after US President Donald Trump announced steep import tariffs for goods shipped into the United States (feared to trigger a global trade war and global economic recession).
As expected, Indonesia's benchmark stock index (Jakarta Composite Index, or IHSG) instantly plummeted by 9.19 percent after opening on 09:00 am local Jakarta time. And so, a trading halt mechanism kicked in (which was widened by regulators to 8 percent ahead of this morning's opening).
After the trading halt was lifted, Indonesian stocks slightly recovered from their initial lows. However, they are overall still in deep red territory (down around 8.20 percent).
Meanwhile, the Indonesian rupiah fell to IDR 16,840 per US dollar, and IDR 18,475 per Euro.
On a positive note, generally, Asian markets are in green territory on Tuesday as the huge losses across markets on Monday (07 April 2025) now make it attractive to invest in shares.
Our latest monthly report was released on 5 April 2025. Contact us to buy the report (or purchase a subscription) through email and/or WhatsApp:
- info@indonesia-investments.com
- +62(0)882.9875.1125
Price of this report:
Rp 150,000 (or equivalent in other currencies)
Take a glance inside the report here!
