‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens Grip

Global investors are losing confidence in Indonesia as the country’s stocks suffer the fastest selloff worldwide and the currency falls to all-time lows. The move points to acute risk-off sentiment toward Indonesian assets and broader emerging markets, with FX weakness compounding equity pressure. The combination of record-low currency levels and sharp equity declines suggests elevated near-term market volatility.

Analysis

Global investors are losing confidence in Indonesia as the country’s stocks suffer the fastest selloff worldwide and the currency falls to all-time lows. The move points to acute risk-off sentiment toward Indonesian assets and broader emerging markets, with FX weakness compounding equity pressure. The combination of record-low currency levels and sharp equity declines suggests elevated near-term market volatility.