Indonesia Halts Stock Trading After 10 Percent Plunge (Update1)
By Berni Moestafa
Oct. 8 (Bloomberg) -- Indonesia's stock exchange halted share-market trading after equities plunged.
Trading will remain suspended until further notice, the exchange said in an e-mailed statement. Exchange President Erry Firmansyah couldn't be immediately reached on his mobile-phone to comment on the suspension.
The Jakarta Composite index was down 10 percent when the suspension came into effect, bringing the measure's decline this week to 21 percent. That would be its worst weekly drop since at least April 1983, data compiled by Bloomberg showed.
The rupiah declined 0.4 percent to 9,603 per dollar, trading near its lowest level in almost three years.
To contact the reporter on this story: Berni Moestafa in Jakarta at firstname.lastname@example.org
Last Updated: October 8, 2008 00:43 EDT