Markets face mounting pressure from fiscal concerns, new export controls
Production falling as Prabowo's latest policy gambit sparks uncertainty
By Amanda Lee and Ying Xian Wong
Global investors are rapidly losing confidence in Indonesia as the nation’s stocks tumble at the fastest pace worldwide and its currency sinks to all-time lows.
The rupiah has slumped while the benchmark stock index has tumbled 36 per cent to become world's worst performing. Read more at straitstimes.com. Read more at straitstimes.com.
The JCI's decline underscores heightened market uncertainty, prompting investors to reduce exposure to riskier assets.