Indonesia Copies Financial Crisis Playbook to Quell Market Rout

Authorities curb stocks speculation, boost bond intervention
Finance minister pledges market measures similar to 2008-2009

People walk through the lobby of the Indonesia Stock Exchange.
Photographer: Dimas Ardian/Bloomberg

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By Tassia Sipahutar and Fathiya Dahrul

March 11, 2020 at 6:27 AM UTC

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Indonesia is reintroducing a raft of market measures deployed during the global financial crisis as authorities warn the impact of the novel coronavirus outbreak on the markets and the economy will be more damaging.