The Indonesian stock market fell sharply in early trading.

The Indonesian stock market plummeted sharply in early trading on the 2nd, with the Jakarta Composite Index falling by more than 5% at one point, and market sentiment continues to be under pressure. Market participants believe that the sell-off in the stock market on that day is mainly related to a warning issued by the global index compiler MSCI regarding transparency issues in the Indonesian capital market. The company stated that if the issues are not resolved, it does not rule out the possibility of downgrading the Indonesian market rating as early as May. This statement has caused concerns among investors. In recent days, there have been changes in senior personnel in the Indonesian financial regulatory system, including resignations of officials from the Indonesian Financial Services Authority and the Indonesian Stock Exchange, raising concerns about regulatory stability in the market. Furthermore, Indonesia will release its latest inflation and trade data on the 2nd, further exacerbating market watchful sentiment.