US EditionIndonesia vows market reform after $80 billion rout; bourse chief quits
- On Jan 30, 2026, Iman Rachman, chief executive officer of the Indonesia Stock Exchange , resigned, taking responsibility after a two-day rout wiped out $84,000,000,000.
- MSCI on Tuesday warned Indonesia risked a downgrade to frontier market status and said investors flagged ongoing opacity and coordinated trading concerns, pausing updates while engaging authorities.
- Foreign investors sold around a net US$645 million during the two-day sell-off, while the Jakarta Composite Index dropped more than 8% on Jan 28 and Jan 29, triggering trading halts.
- On Jan 29, regulators announced measures including doubling free-float to 15% and raising pension and insurer limits from 8% to 20%, and Rachman said that 'I hope this is the best decision for the capital market. May my resignation lead to improvements in our capital market,' according to Reuters.
- A downgrade would likely force index-tracking funds to sell, with Goldman Sachs warning of $2,200,000,000–$7,800,000,000 outflows and concerns about President Prabowo Subianto's fiscal stance shaking confidence and pressuring the rupiah.
19 Articles
19 Articles
Indonesia vows market reform after $80 billion rout; bourse chief quits
Indonesia's chief economic minister promised increased financial market transparency and improved corporate governance on Friday, after the stock exchange chief resigned to take responsibility for a $80 billion share rout.
Indonesian Stock Exchange CEO Resigns After $80 Billion Market Rout— What's Going On? - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
The CEO of the Indonesia Stock Exchange (IDX), Iman Rachman, resigned on Friday, underscoring deepening investor anxiety after a sudden market plunge wiped out about $80 billion in equity value this week. Rachman’s exit is framed as a personal act of accountability for the “recent market condition.” At a press conference, the executive said he hoped his decision would lead to improvements in the capital market. What Triggered The Sell-Off? Rachm…
Indonesia vows market reform after US$80bil rout; bourse chief quits
JAKARTA/SINGAPORE: Indonesia's chief economic minister promised increased financial market transparency and improved corporate governance on Friday, after the stock exchange chief resigned to take responsibility for a $80 billion share rout.
Times of India
The Economic TimesIndonesia stock exchange CEO resigns after $80 billion market rout
Indonesia Stock Exchange chief has resigned. This follows a warning from MSCI about a potential downgrade. The market experienced a significant fall. Authorities have introduced measures to address concerns. The rupiah has reached a record low. The resignation aims to improve the capital market. Investors are watching for further developments.
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