Indonesian market turmoil ahead of Eid holiday causing economic worries, impacting consumers and businesses.

From Yahoo Finance: 2025-03-28 21:55:00

Indonesia’s market turmoil is causing economic worries ahead of a major holiday, affecting consumers, businesses, and investors. The Jakarta Composite Index is one of the worst performers this year, with the rupiah sliding to its weakest level since the Asian financial crisis. Budget cuts, populist spending, and policy uncertainty add to concerns. The Eid al-Fitr holiday season may see tens of millions fewer travelers this year. Rising costs of raw materials are impacting businesses, with some adapting to maintain prices. Despite challenges, the stock market has offered some hope with higher dividend payouts. Consumer spending and confidence are on the decline, with imports shrinking and retail sales falling. Customers are spending less, impacting businesses during the festive season.



Read more at Yahoo Finance: Indonesians Are Feeling Market Gloom Ahead of Major Eid Holiday