Indonesia's benchmark index, the Jakarta Composite Index, fell 1.7% during the intraday period, then the decline narrowed. The index showed a general downward trend, with all 11 industry sectors showing a decline. The main drag factors include the Bank of Central Asia, the People's Bank of Indonesia, and Bayan Resources. Indonesian Stock Exchange CEO Jeffrey Hendrick said at a press conference in Jakarta on Monday that Indonesia plans to strengthen supervision of suspected stock manipulation through measures such as targeted investigations and restrictions on trading accounts. At the same press conference, Hassan Faqi, head of capital market supervision, said that after granting time for relevant entities to file complaints, the Financial Services Authority will publish a list of entities that have recently been sanctioned for manipulating the stock market. Wilbert Arifin, an analyst at Mirae Asset Sekuritas Indonesia, said the news was slightly biased against the market because future trade regulations will be more strict. The index is likely to remain volatile as market participants digest recent developments and proposed policies.

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