{
  "id": 17332817,
  "title": "Indonesian stocks tumble 41pc; Jakarta goes after tycoons allegedly behind ‘gorengan’ shares",
  "url": "https://urgent.news/2026/10/31/indonesian-stocks-tumble-41pc-jakarta-goes-after-tycoons-allegedly",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T03:53:14.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/10/31/indonesian-stocks-tumble-41pc-jakarta-goes-after-tycoons-allegedly-behind-gorengan-shares/241386"
  },
  "original_language": "en",
  "account": "Indonesia's stock market has plummeted 41 percent this year, with officials urging corporate leaders to halt \"deep frying\" of shares and end market manipulation practices allegedly orchestrated by tycoons. Hashim Djojohadikusumo, the president's special envoy and chairman of the Indonesian Chamber of Commerce and Industry, emphasized the urgent need for transparency, warning that a potential downgrade by MSCI could weaken the rupiah and trigger a financial crisis. The Financial Services Authority of Indonesia has already imposed fines on more than a dozen entities involved in market manipulation, though their identities remain undisclosed.",
  "summary": "KUALA LUMPUR, Oct 31 — Indonesian President Prabowo Subianto’s brother has stressed the urgent need for tran...",
  "key_points": [
    "Indonesian stock market down 41% this year",
    "Officials urge halt to share 'gorengan' manipulation",
    "Fines imposed on entities involved in market manipulation"
  ],
  "editors_take": "Aggressive regulatory crackdowns against alleged market manipulation signal a desperate attempt to restore investor confidence and prevent a potential currency crisis driven by looming international index downgrades.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}