Indonesia's stock exchange asks investors to keep realistic in doing investment as the listed companies are still solid and that it is just a matter of perception

Exchange operator interventions of this kind tend to appear after a sharp drawdown, and the 'it is perception, not fundamentals' framing is a standard script used by market authorities across emerging Asia when a local index triggers steep losses or trading halts. Historically such statements have rarely arrested the move on their own; the pattern is that selling pressure driven by liquidity and forced flows, index rebalancing concerns, or foreign outflows tends to run its course regardless of official reassurance, and the statement matters mainly as a signal that authorities are watching and may escalate to concrete measures. The follow-ons in past episodes of this kind have been the levers exchanges and regulators actually control: changes to short-selling rules, circuit-breaker thresholds, trading curbs, and coordinated verbal support from the central bank or finance ministry on the currency side, since equity selloffs in the region are typically entangled with FX weakness. The distinction worth drawing is whether the underlying trigger is domestic, such as a fiscal or political shock, or external, such as a global risk-off or a passive flow event, because domestic triggers tend to keep local assets under pressure longer. Until mechanics rather than messaging change, precedent suggests the reassurance itself is a low-information event.