🚨 BREAKING: 🇮🇩 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 Friday’s devastating 11.57% crash — the index’s steepest daily decline since the 1998 Asian financial crisis.
📉 The damage is staggering:
- 🔻 Two-session losses: 16.3%
- 💸 Total market value wiped out: nearly $90 BILLION
- 📉 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.
🇮🇩 Indonesia’s 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 Friday’s devastating 11.57% crash — the index’s steepest daily decline since the 1998 Asian financial crisis.
📉 The damage is staggering:
- 🔻 Two-session losses: 16.3%
- 💸 Total market value wiped out: nearly $90 BILLION
- 📉 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.
🇮🇩 Indonesia’s 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