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e-ISSN 3047-857X

INSYMA International Symposium on Management

Proceedings papers / Pages 953-956

Volatility of the Indonesian Capital Market During the Asian and Global Financial Crisis, COVID-19 Pandemic and Trade War

  1. Rahmat Budi Santoso
  2. Dewi Iswandari
  3. Isna Familiana
  4. Jenifer Pesik
  5. Rohmawati
  6. Sufiati
Volume 22 · 2025 Pages 953-956 e-ISSN 3047-857X English

Abstract

This study examines the volatility of the Indonesian stock market index across four major events: the 1998 Asian financial crisis, the 2008 global financial crisis, the 2020 COVID-19 pandemic, and the recent trade war. The findings reveal a decreasing trend in market volatility over time, indicating increased resilience within the Indonesian capital market. This trend may be attributed to improved government interventions and more effective early warning systems. However, a decline in volatility does not imply the absence of risk; rather, it suggests the presence of latent vulnerabilities that may surface during future economic shocks

Keywords

  • Volatility
  • Indonesian Stock Market
  • Financial Crisis
  • Trade War
  • Resilience

Citation

Rahmat Budi Santoso, Dewi Iswandari, Isna Familiana, Jenifer Pesik, Rohmawati, Sufiati. (2025). Volatility of the Indonesian Capital Market During the Asian and Global Financial Crisis, COVID-19 Pandemic and Trade War. Proceedings of the International Symposium on Management, 22, 953-956.

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