DoubleChecks

What was claimed

Rp 2,000,000,000,000,000 wiped out from the Indonesian stock market today. 18% crash in just 3 days.

Our verdict

Needs caution

Reports estimate roughly Rp1.6 quadrillion, or about US$90 billion, in lost market value during the sell-off. The Rp2 quadrillion figure is therefore broadly plausible as a rounded estimate, but it is not directly confirmed and “today” is imprecise. The index fell 11.6% on Friday and another 3.6% on Monday, while other reporting describes the three-session decline as about 20%. The exact 18% figure is not supported consistently by the available sources.

Combined assessment18 sourcesChecked Oct 20, 2026

Why this verdict

  • Rp 2,000,000,000,000,000 was wiped out from the Indonesian stock market today.

    Misleading
    One assessment reached this conclusion; three differed·Claude: Verified, Claude: Can’t verify, ChatGPT: Incorrect

  • The Indonesian stock market crashed 18% in just 3 days.

    Misleading
    Two assessments reached this conclusion; one differed·ChatGPT: Can’t verify

Evidence reviewed

18 sources

Perplexity, Claude and ChatGPT sources are combined here.

digg.comtradingeconomics.comx.comsimplywall.sttheglobeandmail.comcyberpunk.ggeconomictimes.indiatimes.comthestar.com.mythejakartapost.comground.news

Individual assessments

Assessment summary

The Indonesian market did suffer a severe sell-off, but the available reports show about a 15% to 20% decline over three trading sessions, not precisely 18%.digg.com simplywall.st The reported amount wiped out is approximately Rp1.6 quadrillion or about US$90 billion, so Rp2 quadrillion is a rough estimate rather than a confirmed figure.digg.com x.com

Claims reviewed

Rp 2,000,000,000,000,000 was wiped out from the Indonesian stock market today.

Misleading
Reports estimate roughly Rp1.6 quadrillion, or about US$90 billion, in lost market value during the sell-off.digg.com x.com The Rp2 quadrillion figure is therefore broadly plausible as a rounded estimate, but it is not directly confirmed and “today” is imprecise.

This claim may mislead readers without added context.

The Indonesian stock market crashed 18% in just 3 days.

Misleading
The index fell 11.6% on Friday and another 3.6% on Monday, while other reporting describes the three-session decline as about 20%.digg.com x.com theglobeandmail.com The exact 18% figure is not supported consistently by the available sources.

This claim may mislead readers without added context.

Assessment summary

  • The claim contains partially accurate information but is misleading in its framing.
  • The market value loss figure is approximately correct, but the 18% crash claim is inaccurate when measured over the specific 3-day period mentioned.
  • The statement conflates different timeframes and uses imprecise language about what "wiped out" means.

Claims reviewed

18% crash in just 3 days

Misleading
The index fell 11.57% on Friday (October 16) and 3.6% on Monday (October 19), totaling approximately 14.91% over the week. bloomberg.com asiafinancial.com digivestasi.com Some sources mention a roughly 15% two-day plunge, but the precise 18% figure in 3 days is not supported by the data. One social media post claims 20% in 3 sessions, but this appears to be an outlier claim not corroborated by official exchange data.

This claim may mislead readers without added context.

wiped out from the Indonesian stock market today

Can’t verify
The claim says 'today' but the major losses occurred over multiple days (October 16-19, 2026). If 'today' refers to October 20, 2026, stocks actually rebounded that day. source unavailable The timing is ambiguous and potentially misleading about when the losses occurred.

Rp 2,000,000,000,000,000 wiped out from the Indonesian stock market

Verified
Multiple sources confirm approximately Rp 1.544 quadrillion (Rp 1,544 trillion) was lost in market capitalization during the week of October 12-16, 2026. jakartaglobe.id finance.biggo.com bloomberg.com The claim's figure of Rp 2 quadrillion is slightly higher but in the same ballpark, possibly including additional losses through October 19-20.

Assessment summary

  • I found multiple news reports of a large recent sell-off in Indonesian equities, but none that match the exact Rp2,000,000,000,000,000 figure or the precise "18% in 3 days" phrasing.
  • Reported headline losses and percent moves differ across sources, so the statement mixes unverifiable and likely incorrect specifics.
  • Without a reliable primary source giving those exact numbers and timeframe, the claims cannot be accepted as accurate.

Claims reviewed

Rp 2,000,000,000,000,000 wiped out from the Indonesian stock market today.

Incorrect
Major news outlets reporting the recent rout cite different totals (for example ~Rp848 trillion reported in some summaries) and do not corroborate a Rp2,000,000,000,000,000 single-day loss, so this precise figure appears incorrect.

This claim may mislead readers without added context.

18% crash in just 3 days.

Can’t verify
News shows large recent multi-day declines, but I could not find a credible source reporting an 18% fall over exactly a three-day period, so this specific timeframe and percentage cannot be confirmed.

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