Indonesian Stock Exchange CEO Resigns After $80 Billion Market Rout— What's Going On? - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), State Street SPDR S&P 500 ETF Trust (ARCA:SPY)

The CEO of the Indonesia Stock Exchange (IDX), Iman Rachman, resigned on Friday, underscoring deepening investor anxiety after a sudden market plunge wiped out about $80 billion in equity value this week.Rachman’s exit is framed as a personal act of accountability for the “recent market condition.” At a press conference, the executive said he hoped his decision would lead to improvements in the capital market. What Triggered The Sell-Off?Rachman’s resignation came in the wake of a sharp sell-off on the Jaka ...