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Indonesian stock exchange halts trading after 10-per-cent fall

Mohit Joshi 8 October 2008

Indonesian stock exchange halts trading after 10-per-cent fall Jakarta - The Indonesia Stock Exchange halted trading on Wednesday after the benchmark composite index plunged 10.38 percent on fears about the global financial crisis.

"This closure was to prevent a further downfall of shares as well as aimed at calming down market players," MS Sembiring, director of commerce at the Indonesian Bourse Exchange (BSI) was quoted as saying by detik. com online news portal.

The Indonesian Composite Index stood at 1,451.669 points when trading was halted at about 11:08 am (0408 GMT), after falling by 168.052 points or 10.38 per cent.

The decline was driven by huge drops in commodities stocks. The index has fallen more than 20 percent in three days. (dpa)

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