The IDX fell 14.95% from its year-to-date high.

The slump in Asian stock markets, triggered by the fall of the New York Stock Exchange, caused the Jakarta Composite Index (JCI) of the Indonesia Stock Exchange to decline again. On Thursday (11/10), the JCI closed down 117.85 points (2.02%) from the previous day's close, following a net foreign sell-off reaching Rp 1.19 trillion. This decline was the worst in the last 25 trading days, both in points and percentage terms.

Compared to its position at the end of 2017, the Jakarta Stock Exchange index has shrunk by 10.27% and corrected by 14.75% from its highest level this year, reached on February 19 at 6,689.29. Throughout October, foreign investors have made net sales of Rp 5.28 trillion. As a result, year-to-date (YTD), foreign investors have recorded net sales of more than Rp 56 trillion.

The rise in the yield of US government bonds to above 3% caused stock prices on Wall Street to plummet. The Dow Jones index on Wednesday local time plunged 831.83 points (3.15%) from the previous day's close. The fall of the American stock market, coupled with internal factors such as the weakening of the rupiah and concerns about a widening trade deficit, caused foreign investors to again divest from the Jakarta Stock Exchange.