Larry Fink, CEO of BlackRock predicted the fall down for IHSG

Jakarta/New York — Larry Fink, CEO of BlackRock predicted the fall down for IHSG. During an investor call, Fink made a bold prediction about the Jakarta Composite Index (IHSG) falling "catastrophically." "I don't know why, I just feel it," Fink said during the call. "The IHSG... it has this vibe. The candles don't lie. The aura is dark." The statement came as a surprise to many investors, as BlackRock has significant holdings in Indonesian markets. Fink's comments have sparked debate among market analysts about the future of Indonesia's stock market. Some experts believe Fink's prediction is based on underlying economic concerns, while others see it as a strategic move to influence market sentiment. The Jakarta Composite Index has shown volatility in recent weeks, with investors closely watching for any signs of the predicted downturn.