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Indonesian Markets Plunge 9% as Updated Trading Halt Rules Take Effect

The stock exchange triggers a 30-minute pause and revises thresholds to address economic pressures after U.S. tariffs and record rupiah lows.

Indonesia Stock Exchange (IDX) signage is seen on its building in Jakarta, April 8, 2025. REUTERS/Willy Kurniawan
The benchmark Jakarta Composite Index fell 9.19 percent at the open

Overview

  • The Indonesian Stock Exchange activated a 30-minute trading halt after the main index dropped 9% on April 8, 2025, the first trading day since March 27.
  • Revised trading rules now trigger a pause at an 8% index drop, up from 5%, with subsequent halts at 15% and a full-day suspension at 20%.
  • The rupiah fell 1.8% to a record low of 16,850 per dollar, surpassing its Asian Financial Crisis trough.
  • The adjustments aim to stabilize the market and prevent panic selling as global economic pressures, including a 32% U.S. tariff on Indonesian goods, weigh on investor confidence.
  • Stock exchange officials emphasized the changes are temporary and designed to provide liquidity and calm during volatile conditions.