IHSG Drops 11.57% in One Day: What Happened and What Now?

Standalone isn’t the worst case anymore. Unless Indonesia proves otherwise, it’s the default.

Friday was rough If you opened your trading app on Friday (16 Oct) and wanted to throw your phone, you weren’t alone. IHSG closed down 11.57% at 5,185 . That’s its worst single day since January 1998 , worse than Black Wednesday in 2008. The market dropped 8% straight at the open, so the exchange paused trading for 30 minutes. Once trading resumed, the selling only got heavier.…