Waiting out the Storm
Tuesday, October 14, 2008
When the share index plunged, trading was suspended to appease panicked investors. Then the rupiah started to fall. Analysts reckon it will take at least two years to recover from this global financial crisis. And Indonesia could be hit harder if market confidence cannot be maintained.
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BEING named by Fortune magazine as one of the 10 best performing stock exchanges in the world two years ago did not automatically make the Indonesian Stock Exchange invincible. And just like other stock exchanges throughout the world, the composite share price index on the stock exchange floor in Jakarta was hit hard, in fact the worst-hit. On Wednesday last week, as a result of the shock waves from the world financial crisis, the Indonesian Stoc
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