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The Indonesian stock market continues to big dump, as investors cast a "vote of no confidence" in the economic outlook.
Jin10 data reported on March 24, the Indonesian stock market experienced a big dump on Monday, continuing the previous fall, as investors felt increasingly uneasy about the country's economic outlook. The Jakarta Composite Index fell by as much as 4.2%, marking the largest single-day fall in nearly a week. Technology stocks and material stocks performed the worst. Kok Hoong Wong, head of equity sales trading at Maybank Securities, stated that investors generally perceive uncertainty in the economic policies under President Prabowo's leadership.