On Monday, the Indonesian stock market experienced a sharp decline, continuing the previous downward trend, as investors grew increasingly anxious about the country's economic prospects. The Jakarta SSE Conglomerates Index fell by as much as 4.2%, marking the largest single-day drop in nearly a week. Technology stocks and materials stocks performed the worst. Kok Hoong Wong, the head of stock sales trading at Maybank Securities Institutions, stated that investors generally believe that the direction of the economic policies under President Prabowo is uncertain.