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Shutdown in Jakarta

Posted on October 08, 2008

Via The New York Times, more bad business news from Indonesia: For Dow, Final Swing Was Down. Excerpt near the end of a discouraging report:Indonesia s stock exchange halted trading after a morning plunge of 10.4 percent. The main floor of Jakarta s benchmark stock exchange building fell quiet at about 11 a.m. Wednesday after officials there suspended trading for the first time in eight years.The main Jakarta stock index, the JSX, fell more than 10 percent for the second day in a row, making this one of the worst weeks in 20 years. The last time trading had been suspended here was in 2000,...

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