Indonesian Equities Tumbled More than 10% from its Peak in April

Indonesia’s stock index tumbled more than 10% from its high in April as a selloff in technology and bank shares dragged on the benchmark gauge.

The Jakarta Composite Index of shares lost as much as 1.3% on Friday, extending this week’s losses to as much as 9.9%, the most since March 2020 on an intraday basis.