🔴 GoTo Gojek Tokopedia is trading 17.86% down

GoTo Gojek Tokopedia is trading at IDR 23.00, down 17.86%, with no confirmed company-specific announcement explaining the October 16 move.

• An October 16 report said GoTo was the most heavily net-sold Indonesian stock by foreign investors in October, with net foreign selling of Rp 1.6 trillion through October 15. This indicates selling pressure but does not establish the cause of the session’s decline.
• Broader risk aversion after hotter-than-expected U.S. inflation and pressure on Asian equities provide macro context, but available evidence does not directly connect these events to GoTo’s move.