“To the Moon”: Finance Minister Doubts Market Doom, Predicts Indonesian Stocks Will Hit 10,000

JAKARTA, Indonesia (JakartaWeekly.com) – Despite a brutal sell-off that has wiped out nearly 20 percent of the Jakarta Composite Index (IHSG) this year, Finance Minister Purbaya Yudhi Sadewa remains defiantly bullish on Indonesia’s market outlook. On Monday, as the index slumped by 1.61 percent to close at 7,022.29, Purbaya brushed off investor fears surrounding the […]