Jakarta Stock Exchange Index fell by 8%, the IDX suspended trading (January 28, 2026)

The Jakarta Composite Stock Price Index (IHSG) fell 8% to 8,261 points on Wednesday afternoon (January 28, 2026).

In response to this drop in the index, the Indonesia Stock Exchange (BEI) immediately suspended trading.

"We inform that today, Wednesday, January 28, 2026, a temporary trading halt has been implemented on the trading system of PT BEI at 13:43:13 Jakarta Automated Trading System (JATS) time," said BEI in its official announcement.

"Trading will resume at 14:13:13 JATS time without any changes to the trading schedule. This action is taken due to a drop in the Composite Stock Price Index (IHSG) reaching 8%," it continued.

"BEI is taking this action to maintain orderly, fair, and efficient stock trading," they said.

The drop in the IHSG occurred after Morgan Stanley Capital International (MSCI) announced a temporary freeze on the calculation of several indices involving Indonesian stocks.

MSCI implemented this freeze to address global investors' concerns about the transparency of stock ownership data and the viability of investing in the Indonesian securities market.

"To address some of these concerns, more detailed and reliable information on the structure of stock ownership, including the possibility of monitoring high concentrations of stock ownership, is needed to support robust assessments of free-floating stocks and the viability of investing in all Indonesian securities," said MSCI in its official announcement, reported by Katadata.co.id on Wednesday (January 28, 2026).