Indonesia's stock market charges ahead

Having fallen by a fifth, the Indonesian stock market has staged a remarkable comeback.

The Indonesian stock market, having fallen by a fifth last year, has made a remarkable comeback. The Jakarta Composite Index has bounced by 10% this year 20% in dollar terms and looks unlikely to run out of steam just yet.

Interest rate hikes by the central bank stabilised the currency, which slid last year amid fears over reliance on foreign capital: the current account deficit had reached 4.4% of GDP.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.