ID :
23254
Wed, 10/08/2008 - 15:26
Auther :
Shortlink :
http://m.oananews.org//node/23254
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INDONESIAN STOCK MARKET SUSPENDS TRADING
Jakarta, Oct. 8 (ANTARA) - The Indonesian Stock Exchange (BEI) suspended trading here on Wednesday over concern of a significant Composite Index fall of 10.38 percent.
"Yes, the trading is suspended," BEI President Director Erry Firmansyah told ANTARA here on Wednesday.
BEI decided to suspend trading at 11.06 am local time as the Composite Stock Price Index (IHSG) dropped 168.052 points to 1,451.668 and LQ45 index was corrected by 38.261 points or 11.86 percent to 284.236 position.
The fall of the BEI Index followed the trend in the global and regional stock markets being affected by the US financial crisis, especially because the US central bank, Federal Reserve, failed to convinced investors so that Dow Jones index plunged 5.11 percent (505.38 points) to 9,447.11.
The slumping down of the US stock exchange was followed by regional stock markets including in Indonesia, which experienced the deepest correction so that it has to be suspended by the stock authorities.
In regional stock markets, Hongkong with its Hang Seng index was down by 5.62 percent or 944.21 points to 15,854.17, Tokyo with its Nikkei 225 index fell by 5.75 percent or 584.35 points to 9,571.54 and Singapore's Straits Time index plunged 108.17 points or 4.97 percent to 2,069.37.
"Yes, the trading is suspended," BEI President Director Erry Firmansyah told ANTARA here on Wednesday.
BEI decided to suspend trading at 11.06 am local time as the Composite Stock Price Index (IHSG) dropped 168.052 points to 1,451.668 and LQ45 index was corrected by 38.261 points or 11.86 percent to 284.236 position.
The fall of the BEI Index followed the trend in the global and regional stock markets being affected by the US financial crisis, especially because the US central bank, Federal Reserve, failed to convinced investors so that Dow Jones index plunged 5.11 percent (505.38 points) to 9,447.11.
The slumping down of the US stock exchange was followed by regional stock markets including in Indonesia, which experienced the deepest correction so that it has to be suspended by the stock authorities.
In regional stock markets, Hongkong with its Hang Seng index was down by 5.62 percent or 944.21 points to 15,854.17, Tokyo with its Nikkei 225 index fell by 5.75 percent or 584.35 points to 9,571.54 and Singapore's Straits Time index plunged 108.17 points or 4.97 percent to 2,069.37.
