{"id":6477,"date":"2025-03-18T15:25:05","date_gmt":"2025-03-18T09:55:05","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=6477"},"modified":"2025-03-18T15:25:07","modified_gmt":"2025-03-18T09:55:07","slug":"indonesian-stock-market-sees-biggest-fall-since-2011-amid-growth-concerns","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/indonesian-stock-market-sees-biggest-fall-since-2011-amid-growth-concerns\/","title":{"rendered":"Indonesian Stock Market Sees Biggest Fall Since 2011 Amid Growth Concerns"},"content":{"rendered":"\n

On March 18, Indonesia’s stock market witnessed its biggest single-day drop in over a decade, triggering a temporary trading halt for the first time since the pandemic. The Jakarta Composite Index (JCI) plunged as much as 7.1%, its steepest intraday decline since September 2011, as concerns over the country\u2019s economic slowdown and weak consumer spending weighed on investor sentiment.<\/p>\n\n\n\n

Leading the losses were PT DCI Indonesia, a data center services provider, and PT Bank Rakyat Indonesia, with the former hitting the 20% lower limit for the day.<\/p>\n\n\n\n

Trading stopped temporarily for 30 minutes when the market fell over 5%, a level that triggers a halt. After trading resumed, however, the decline continued. If the index falls 10% on one trading session, an additional halt might be triggered. Meanwhile, the Indonesian rupiah lost 0.3% against the US dollar, becoming Asia\u2019s worst-performing currency so far in 2025.<\/p>\n\n\n\n

There has been growing unease amongst investors in light of President Prabowo Subianto’s recent policy decisions, which involve siphoning off funding to his priority projects. Indonesia has also registered a rare first-quarter deficit in its budget, with state revenues decreasing over 20% on a yearly basis.<\/p>\n\n\n\n

According to SGMC Capital fund manager Mohit Mirpuri, position unwinding and forced liquidations, particularly by margin traders, drive the sell-off. He added that weak sentiment and lack of fresh money before a long holiday break also added to the pressure in the market.<\/p>\n\n\n\n

Indonesian stocks are one of the worst-performing markets globally in 2025, as foreign investors have pulled out approximately $1.65 billion worth of local stocks. Foreign funds have also been pushed out by the appreciating US dollar and intensifying trade tensions.<\/p>\n\n\n\n

Now, investors wait for Bank Indonesia’s decision on March 19 to set the interest rate, as policymakers might intervene to prop up the currency and restore confidence in the market.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a>.<\/p>\n\n\n\n

Source: straitstimes<\/a>.<\/sub><\/sup><\/p>\n","protected":false},"excerpt":{"rendered":"

On March 18, Indonesia’s stock market witnessed its biggest single-day drop in over a decade, triggering a temporary trading halt for the first time since the pandemic. The Jakarta Composite Index (JCI) plunged as much as 7.1%, its steepest intraday decline since September 2011, as concerns over the country\u2019s economic slowdown and weak consumer spending […]<\/p>\n","protected":false},"author":1,"featured_media":6478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[1074],"class_list":["post-6477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-indonesian-stock-market-crash"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=6477"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6477\/revisions"}],"predecessor-version":[{"id":6479,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/6477\/revisions\/6479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/6478"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=6477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=6477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=6477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}