Singapore's stock market has surpassed Indonesia, with Jakarta's total market capitalization declining from a peak in January to US$618 billion while the Singapore market has risen to US$645 billion. Investor concerns, potential reclassification, and negative outlooks from Fitch and Moody's have affected Indonesia's market sentiment. Lion Global Investors' Soh Chih Kai sees potential for a revival, but the current momentum is against Indonesia.
SINGAPORE: Indonesia notches one grim milestone after another, with its stock market surpassed by Singapore . Jakarta's total market capitalization has dipped to US$618 billion, while the Singapore market has risen to US$645 billion, according to Bloomberg data.
Investor sentiment has taken a turn for the worse due to various uncertainties, including a potential reclassification to frontier markets and negative outlooks from Fitch and Moody's. Moreover, its benchmark sits at the bottom among global peers, while the rupiah has hit record lows. Lion Global Investors' Soh Chih Kai believes a comeback is possible, but cautions that the current momentum is not in Indonesia's favor.
Singapore's economic stability and government-led market reforms have contributed to its current standing, benefiting from the defensive haven status during the Iran war and on track to outperform Indonesian peers by the most on record in 2026
Stock Market Indonesia Singapore Total Market Capitalization Market Capitalization Bloomberg Data Investor Sentiment Uncertainties Reclassification To Frontier Markets Negative Outlooks From Fitch And Moody's Benchmark Global Peers Dollarization Revalorization Political Stability Government-Led Market Reforms Economic Stability Defensive Havens Currency Appreciation Iran War Outperforming Peers On Record Historical Performance Capital Flows Relative Standing
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cultural Heritage of Flower Bath Thrives at Iconic Kota Bharu MarketThe business was passed down from her late mother, who once sold flowers door to door on a small scale, catering to various communities, including the Chinese and Siamese, for religious and traditional rituals. She says even as time passes and modern products become more widely available, demand for traditional flowers and herbs has continued to increase steadily, particularly over the past 20 years.
Read more »
LRT Train Service Suspended After Person Falls onto Track in Bukit Panjang, SingaporeThe incident occurred due to a track intrusion and was reported on May 18, 2022, leading to the suspension of train services in the affected areas and the provision of alternative bus services for affected commuters.
Read more »
No sensitive data leaked in global Canvas breach, Singapore MOE saysSINGAPORE, May 17 — The Singapore Ministry of Education (MOE) today said safeguards have been put in place following a global cyberattack on the local Canvas learning platform.No...
Read more »
Global stock markets fluctuate, with oil prices rising and US president's Iran attack postponementThe global stock markets were mixed on Monday, with oil prices rising as investors digested shifting developments in the Middle East. US President Donald Trump announced the postponement of a planned attack on Iran at the request of Gulf leaders, following a brief decline in oil prices due to an Iranian media report on American officials agreeing to suspend sanctions against Iranian crude.
Read more »