Indonesian Stocks Fall on Rising Virus Cases, Snap Two-Day Gain
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Indonesian stocks snapped a two-day winning streak as investors remained wary about rising Covid-19 cases domestically and globally.
The Jakarta Composite Index fell 2.9% on Monday, taking the monthly decline to most since October 2008. The benchmark gauge hit a 5% circuit breaker earlier in the day, triggering the first trading halt since the Indonesia Stock Exchange implemented a shorter operational schedule that kicked in today.