Indonesia’s Stock Benchmark Tumbles to Lowest Level Since 2021
- Global funds have sold nation’s stock every day this month
- Rupiah is Asia’s worst-performing currency so far this year
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A five-day slump in Indonesia’s benchmark stock index has left the gauge at a three-year low and approaching a technical bear market.
The Jakarta Composite Index closed Tuesday at a level last seen in December 2021. It’s down more than 17% from a peak set in September, having tumbled alongside other markets across Southeast Asia.