Another (Indonesia) financial crisis

Posted on October 8th, 2008 in Update

Yesterday, Indonesia Stock Exchange (IDX) transaction was suspended. I heard some expert opinion in TV (yes i hate watching tv actually) said that this action is responded to the financial crisis in US. The IHSG (Index Harga Saham Gabungan) is dropped near 1400. More over this is the first time in the history IDX suspended the stock transcations.

So, why would this happen? another 10 year cycle after 1998 crisis? impact of subprime mortgage? just a litte bit afraid especially when Indonesia will held their general election next year.

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