A New Period of WorldTurbulence
September 25, 2000
Martin P.H. Panggabean *)
*) Economist at Bank Mandiri
When the Jakarta stock market plummeted by 31 points on Sept. 18, 2000, many domestic analysts directly blamed the bomb explosion at the Jakarta Stock Exchange (JSX) building as the main cause. We, on the other hand, beg to differ. In our opinion, most of the decline in the JSX can be directly attributed to weak sentiments toward regional stocks. In turn, part of the weak sentiment |