Indonesia Stock Index Plunges Over 7% as MSCI Freezes Index Changes, Market Volatility Intensifies
Jakarta – Indonesia’s benchmark stock index, the Jakarta Composite Index (JCI/IHSG), came under severe pressure ahead of the close of the first trading session on Wednesday (January 28, 2026), tumbling 7.71 percent or 692.47 points to 8,287.76 as of 11:15 a.m. local time. The index opened weaker at 8,393.51, briefly attempted a rebound, and touched…
Finance Minister’s Son Draws Market Scrutiny as DADA Shares Surge, “Stock Pumping” Concerns Resurface
JAKARTA — Indonesia’s capital market has come under renewed scrutiny after comments made by Yudo Achilles Sadewa, son of Finance Minister Purbaya Yudhi Sadewa, in a private online investment group were followed by sharp price movements in several thinly traded stocks. The spotlight fell primarily on PT Diamond Citra Propertindo Tbk (DADA), whose shares surged…
