Indonesia Revives Fears: Five Times Major Stock Markets Delivered Zero Returns For Decades

Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indonesia's Jakarta Composite Index fell 11.57% on October 16 after MSCI proposed a market downgrade.
- ✓This sharp drop sparked fears of billions in foreign outflows.
- ✓History shows many major markets, including Japan and India, faced long periods of zero returns.
Story at a Glance
- Category
- MARKET
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Indonesia's stock market suffered its steepest single-day fall since 1998 on October 16 after MSCI proposed downgrading the country to standalone-market status.
The Jakarta Composite Index plunged 11.57%, raising fears of billions of dollars in foreign investment outflows. It brings back memories of global markets that endured years, sometimes decades, of disappointing returns.
1. Japan: 1989-2025
Japan's Nikkei 225 took more than 34 years to reclaim its December 1989 record, finally reaching a new high in February 2024. The prolonged recovery followed the collapse of the country's asset-price bubble.
By 2024, the index's price return since 1989 remained close to zero in yen terms, although reinvested dividends produced a positive total return.
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