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Jakarta Post

Trading halted for first time since 2008 over pandemic

  • Riska Rahman and Prima Wirayani

    The Jakarta Post

Jakarta   /   Fri, March 13 2020   /  12:29 am

The Indonesia Stock Exchange (IDX) suspended equity trading 30 minutes before Thursday’s session ended as the main gauge dropped deeper than the bourse’s new auto rejection level to a figure unseen in almost four years.The Jakarta Composite Index (JCI) crashed more than 5 percent to 4,895.75 amid a global market rout following the World Health Organization's declaration of COVID-19 as a pandemic. “Stock trading was halted for 30 minutes, but because this occurred 30 minutes before the close of trading, trading is technically closed now,” said Fakhri Hilmi, deputy commissioner for capital market supervision at the Financial Services Authority (OJK). “Today has closed; it’s all done.”This is the first time the IDX suspended stock trading since the 2008 financial crisis. On Oct. 8, 2008, the JCI free fell 10.38 percent to 1,451.67, prompting the bourse to halt trading for two ...