Concerns over Donald Trump's victory in the United States presidential election caused global stock prices to plummet, including the Jakarta Stock Exchange. On November 9, 2016, the Jakarta Composite Index (JCI) fell 56.36 points (1.03 percent) to 5,414.321. Market capitalization also shrank by Rp 61.23 trillion to Rp 5,857.33 trillion.
Gudang Garam (GGRM) shares experienced the largest decline, dropping Rp 750 to Rp 67,950 per share. Other stocks, such as Indo Tambangraya Megah (ITMG), Chandra Asri P.T. (TPIA), and Bank BRI (BBRI), also saw significant corrections of over Rp 200 per share.
The Republican presidential candidate's harsh campaign rhetoric targeting immigrants, free trade, and plans to withdraw from the North Atlantic Treaty Organization (NATO) were met with negative reactions as Trump took the lead in the preliminary election vote count. In the final count, Donald Trump secured a decisive victory with 276 electoral votes, significantly outpacing his rival Hillary Clinton from the Democratic Party, who received 218.