JAKARTA: Indonesian equities dropped, triggering a trading halt for the fifth time in two weeks as investors fretted over the economic impact of the virus pandemic on Southeast Asia’s largest economy.
The Jakarta Composite Index fell 5% on Monday to trigger a halt. Total transaction was at 3.89 trillion rupiah ($234.34 million) as of time of halt, said Laksono Widodo, director of trading and membership at the Indonesia Stock Exchange, in a statement. The index was at 3,985.076 by 2:52 p.m. local time, heading for its lowest level since March 20. The rupiah slipped to 16,625 per U.S. dollar to weakest level since June 1998.
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