Indonesia loses Southeast Asia’s largest stock market crown to Singapore

Indonesia continues to notch one grim milestone after another. The latest: losing its status as Southeast Asia’s largest stock market to Singapore. The total market capitalisation of Indonesian-listed companies has fallen well over 30 per cent from a peak in January to US$618 billion, while Singapore’s has climbed to US$645 billion, according to data compiled by Bloomberg. Investor sentiment in Indonesia has increasingly soured in recent months amid uncertainties over a potential equities...

Original source: South China Morning Post