๐จ BREAKING: ๐ฎ๐ฉ Indonesian stocks suffer another brutal sell-off.
The Jakarta Composite plunges 5.36% in a single session, wiping out another $27 BILLION in market value and falling below 5,000 for the first time in six years.
The latest rout follows Fridayโs devastating 11.57% crash โ the indexโs steepest daily decline since the 1998 Asian financial crisis.
๐ The damage is staggering:
- ๐ป Two-session losses: 16.3%
- ๐ธ Total market value wiped out: nearly $90 BILLION
- ๐ October decline: 19%, the worst monthly performance since the 2008 global financial crisis.
The sell-off comes as MSCI considers removing Indonesian stocks from its global indexes, raising fears of forced selling by funds tracking those benchmarks.
๐ฎ๐ฉ Indonesiaโs stock market is facing one of its most severe periods of turmoil in decades.
#CFTCAdvancesVoluntaryRegCAMFramework #ChinaQ3GDPGrowthQuickensTo4.5% #ZcashNU7ProposalWouldFreezeSproutSpending #KOSPIOpens3.17%Lower #Write2Earn $NVDAB $AAPLB $MSFTB
The Jakarta Composite plunges 5.36% in a single session, wiping out another $27 BILLION in market value and falling below 5,000 for the first time in six years.
The latest rout follows Fridayโs devastating 11.57% crash โ the indexโs steepest daily decline since the 1998 Asian financial crisis.
๐ The damage is staggering:
- ๐ป Two-session losses: 16.3%
- ๐ธ Total market value wiped out: nearly $90 BILLION
- ๐ October decline: 19%, the worst monthly performance since the 2008 global financial crisis.
The sell-off comes as MSCI considers removing Indonesian stocks from its global indexes, raising fears of forced selling by funds tracking those benchmarks.
๐ฎ๐ฉ Indonesiaโs stock market is facing one of its most severe periods of turmoil in decades.
#CFTCAdvancesVoluntaryRegCAMFramework #ChinaQ3GDPGrowthQuickensTo4.5% #ZcashNU7ProposalWouldFreezeSproutSpending #KOSPIOpens3.17%Lower #Write2Earn $NVDAB $AAPLB $MSFTB