The country status got reclassified > Market crashes > Foreign investors run away > capital decreases > companies stop hiring, or even go bankrupt > the job market collapses > daily life falls apart as unemployment rises
Indonesia’s economic development is highly dependent on capital injections from foreign investors; that is why the reputation of the stock investment market is crucial for maintaining investor trust.
stock market is retarded anyway. People are gambling their money in crypto pump and dump and straight up gambling (sports betting,illegal online casinos) nowadays.