印尼股市进入熊市
Indonesia stocks have continued to drop on concerns of slowing economic growth and a widening current account deficit.
受经济增长缓慢以及收支往来账户赤字加大的影响,印度尼西亚股市持续下跌。
The Jakarta Composite Index fell 4.9% on Tuesday, putting it in "bear market" territory - typically defined as a 20% fall from a stock index's recent peak.
The index has now fallen 21% from its high in May.
The concerns about Indonesia's economy have also weighed on its currency, the rupiah, which has fallen to a four-year low against the US dollar.
The rupiah traded at about 10,694 to the dollar on Tuesday, down nearly 11% since the start of this year.
Crisis fears
Last week, Indonesia's central bank said that its current account deficit widened to $9.8bn during the second quarter of the year, from $5.8bn in the previous three months.
The central bank also said that the foreign currency reserves it holds fell to $92.67bn in July, from $98.09bn a month earlier.
A current account deficit - which is a broader measure than the trade deficit, and includes cross-border investment income flows - affects a country's foreign currency reserves as well as the value of its currency.
Analysts said that the rising deficit had hurt investor morale.
"Although the current level of reserves is still equivalent to a reasonably healthy 5.5 months of imports, the [central] bank can't continue to burn reserves at the current rate without the market worrying about a 'crisis' scenario unfolding," economists at Credit Suisse said in a note to clients on Monday.