Indonesia's Jakarta Composite Index Hits Three-Year Low Amid Market Slump
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The Jakarta Composite Index in Indonesia has fallen to a three-year low, down over 17% from its peak in September, indicating a potential technical bear market.
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.
