🔴 Astra International is trading 14.85% down amid Indonesian sell-off and trading halt

Astra International is trading at IDR 4,070.00, down 14.85%, amid a severe Indonesian market sell-off.

• The Jakarta Composite opened October 16 down 8.01%, prompting a trading halt.
• Commentary cited concern over MSCI’s possible reclassification of Indonesian indexes, while inflation-driven global risk aversion also pressured Asian markets.
• No clear Astra-specific catalyst for the sharp move was found.