Student protests in Indonesia cause major stock market turmoil, affecting investors.
The study looked at how political events in Indonesia affected major stock returns in different sectors. By analyzing stock movements using a method called event study, researchers found that the market reacted negatively to student demonstrations in September 2019, causing abnormal returns until mid-October. Sectors like banking, construction, and healthcare were all impacted. The findings suggest that Indonesia's stock market is sensitive to political and economic conditions, but investors can still potentially benefit from abnormal market movements.