The next circuit breaker will be triggered at a 15% decline, prompting another 30-minute suspension, according to exchange rules. If Thursday’s losses are sustained, benchmark stocks may enter a technical bear market.
(Jan 29): Indonesian equities plunged deeper into turmoil on Thursday, with an MSCI Inc warning over market investability sparking the worst two-day rout in nearly three decades.
The benchmark Jakarta Composite Index tumbled as much as 10% after trading resumed following a brief 30-minute halt. The decline, which came as analysts cut their ratings, followed the index compiler’s caution over transparency and the limited amount of stock available for trading in listed companies.
