Breaking: They have stopped trading in Jakarta...Huge stock crash!

[thewiseguy]

I have been looking at the charts for Jakarta's main index, JKSE. It has traded down 10.38% today and it looks to me that they have now stopped trading there.

No link yet, but that is my observation.

[CoffeeCat]

1. Thank you for that...

...That's amazing that you watch that particular market.

Appreciate the info...

[thewiseguy]

2. I was watching the Asian major indices and noticed that one

Was wondering whether they would stop trading. Surely enough the index crashed 10% and since then I have not seen any more changes.

[garlicmilkshake]

3. Looks like most of the Asian markets are toileting.....link

http://www.cnbc.com/id/19832390/

[aquart]

4. Why are they worse than the others? Did they open earlier?

Is this going to cascade?

[endthewar]

5. The credit crisis is still as bad as it was before the bailout

Banks are hoarding cash, presumably in anticipation of bank runs. As long as they aren't lending to each other, things will continue to worsen.

[aquart]

10. Wasn't what I asked.

I wanted to know why Jakarta tanked first and most this morning.

[thewiseguy]

6. Ok here is a link to confirm my observation

http://ph.news.yahoo.com/rtrs/20081008/tbs-indonesia-stocks-b246348.html

Thats not good.

[thewiseguy]

7. Uhhh Shit..Nikkei is down 900 points

[nadinbrzezinski]

8. SHIT, this spread....

NOT GOOD


Futures RIGHT NOW

INDEX VALUE CHANGE OPEN HIGH LOW TIME
DJIA INDEX 9,455.00 -83.00 9,537.00 9,566.00 9,454.00 01:12
S&P 500 995.80 -10.00 1,004.40 1,010.30 995.80 01:17
NASDAQ 100 1,327.00 -9.50 1,337.00 1,343.75 1,327.00 01:17
S&P/TSE 60 596.40 -19.10 628.10 637.00 590.40 10/07
MEX BOLSA 21,175.00 -863.00 22,350.00 22,730.00 21,150.00 10/07
BOVESPA

www.bloomberg.com/markets/stocks/futures.html

[TahitiNut]

9. All major Asian markets are down ... 4-10%

Shanghai Composite 2,087.56 1:19AM ET Down 70.28 (3.26%)
Hang Seng 15,871.15 1:36AM ET Down 932.61 (5.55%)
BSE 30 10,874.07 1:36AM ET Down 821.17 (7.02%)
Jakarta Composite 1,451.67 1:50AM ET Down 168.05 (10.38%)
Nikkei 225 9,260.48 1:31AM ET Down 895.42 (8.82%)
Straits Times 2,069.45 1:49AM ET Down 108.10 (4.96%)
Seoul Composite 1,282.78 1:51AM ET Down 83.32 (6.10%)
Taiwan Weighted 5,206.40 1:46AM ET Down 318.26 (5.76%)

http://finance.yahoo.com/intlindices?e=asia