Previously, foreign sales of Indonesian stocks were cushioned by domestic purchases. However, it seemed on Friday that domestic investors had also lost confidence after being confronted by 11 days of foreign net selling.

Apart from domestic economic conditions that triggered the outflow of money, the Federal Reserves' intention to scale back its bond-buying program (quantitative easing) is also regarded as a concern of investors in the Indonesian market as Indonesia has been one of the countries that benefits from excess global liquidity.