Financial Times FT.com

Indonesian stock market remains closed

JAKARTA, Oct 9 - Indonesia kept its stock exchange shut for a second day on Thursday after the index lost more than a fifth of its value this week, and officials rushed to calm fears that Southeast Asia’s biggest economy faces a new crisis.

Indonesia was the country hardest hit by the Asian financial crisis a decade ago, due in part to large corporate foreign debt and a weak banking system. Political upheaval also meant it took longer for the country to recover.

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