Indonesia’s stock exchange was closed for five days during the 1997 Asian financial crisis.
The Jakarta Stock Exchange was closed from August 18 to August 22, 1997, as financial pressure intensified. The crisis had begun with Thailand’s baht devaluation in July and then spread across Asian currencies, banks, and equity markets. Indonesia’s rupiah later suffered one of the region’s most severe collapses.
The exchange closure reflected the extraordinary conditions facing Indonesian markets. Currency losses, corporate foreign-currency debt, banking weakness, and declining investor confidence reinforced one another. When trading resumed, selling pressure remained intense.
Thailand, Malaysia, South Korea, and Indonesia were all deeply affected, so country names are often confused in summaries of the crisis. The question concerns the five-day stock-exchange closure specifically, not the country where the regional crisis began. Thailand was the initial trigger, but Indonesia experienced a particularly dramatic financial breakdown.