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Check In Weekly, Win Prizes Weekly — Join the Fun!Create Content for HTX and Win a Share of 1000U!200 USDT | Share Insights on 2026 Crypto TrendsIndonesian Stock Exchange (ISBN) CEO Iman Rachman annou

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Indonesian Stock Exchange (ISBN) CEO Iman Rachman announced his resignation on Friday, taking responsibility for this week's market crash. The market turmoil, triggered by a downgrade warning from international index provider MSCI, caused the Jakarta Composite Index to plummet 16% in two days, wiping out over $80 billion in market capitalization and triggering a trading halt.

At a media briefing on Friday, Rachman stated, "As a matter of accountability for the situation in Indonesia's capital markets over the past few days, I am announcing my resignation." He hoped his departure would lead to an "improvement" in the stock market. The exchange will appoint an acting head, but did not disclose the successor.

Following the announcement of Rachman's resignation, the Indonesian stock market rose 1.7% on Friday, narrowing its two-day cumulative decline to 6.5%. Investors remain cautious about whether regulators can meet MSCI's requirements.


According to a previous article on Wall Street Insights, the index had plunged 16% in the previous two days, wiping out over $80 billion in market capitalization.  The market turmoil began on Wednesday with a report from MSCI highlighting "fundamental investability issues" in the data transmission of listed companies on the Indonesian Stock Exchange, warning that if these issues weren't resolved by May, Indonesia could be downgraded from an emerging market to a frontier market. Subsequently, international investment banks such as Goldman Sachs downgraded their ratings of the Indonesian stock market, triggering a massive outflow of funds.

MSCI Warning Triggers Continuous Plunge and Circuit Breakers

The report released by MSCI on Wednesday became the catalyst for the market turmoil. The major global index provider stated that it found "fundamental investability issues" in the transpa

Indonesian Stock Exchange (ISBN) CEO Iman Rachman

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加密货币高管：阻碍比特币支付普及的并非技术扩展，而是税收政策 比特币（BTC）作为支付方式的最大障

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among sophisticated traders. His objective for PRED is clear: “Build the best infrastructure for people who take sports analysis seriously.”

FAQ ❓

Why is the sports betting industry changing? Decentralized peer‑to‑peer platforms challenge traditional sportsbooks with lower fees and fairer models.

What made blockchain ready for sports markets? Layer 2 solutions cut costs to fractions of a cent and enable near‑instant transactions.

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<p>БИТКОИН БУЛРАН, ПОЧЕМУ БУДЕТ РОСТ / БИТКОИН ПРОГНОЗ !</p><div class="media-wrap video-wrap"><video controls="" src="https://content-all-s3.hbfile.net/images/2024-05-17/b2d04a91dd477c3009fdb143182ee6fa.mp4"></video></div>

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The US Solana spot ETF saw a net outflow of $2.22 million in a single day.

Circle: Arc will gradually move from the testnet to the production environment, with a focus on building resilient stablecoin infrastructure this year.

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