IDX Ready to Intervene Stock Market

Husen Miftahudin    •    14 November 2016 18:48 WIB
stock market (en)
IDX Ready to Intervene Stock Market
Illustration (Photo: Antara/Fiqih Arfani), Jakarta: Indonesia Stock Exchange (IDX) is ready to intervene in stock market in an emergency.

IDX will intervene stock market when the Jakarta Composite Index (JCI) falls 10 percent in one day. JCI fell four percent last Friday (11/11).

"It is still too far," said IDX President Director Tito Sulistio in Jakarta on Monday (11/14).

Tito ensured Indonesia has strong economic fundamentals. External factors will not easily affect the country.

"We are not worried. We have good economic fundamentals," he stated.