Continuous fluctuations in the Indonesian financial market, with the stock market closing down nearly 5% at the end of the day.

On February 2nd, local time, the Jakarta Composite Index in Indonesia closed down by 406.87 points, a decrease of 4.88%, to 7922 points. Individual stocks generally declined, with a total of 715 stocks falling and only 65 stocks rising on that day. All industry sectors were impacted to varying degrees, with the basic materials sector plummeting by 11.19% and the energy and consumer discretionary sectors both dropping by nearly 8%. In order to maintain the stability of the financial system, the Indonesian Financial Services Authority has urgently appointed multiple financial regulatory executives to replace relevant positions. The officials in charge expect to take immediate measures to improve information disclosure and regulatory transparency, alleviate market volatility, and stabilize investor confidence. Starting on January 28th, the Jakarta Composite Index has been significantly declining, triggering a temporary suspension mechanism. On January 30th, due to the index's consecutive two-day plunge, the top management of the Financial Services Authority collectively resigned, attracting widespread market attention and exacerbating market volatility.