Indonesia Economic Minister Hatta Radjasa : "No Need to Panic"

Panic disaster impact from USA Downgrade is reach to Indonesia stocks, as reported from AFP. Indonesian stocks tumbled nearly five percent in morning trade on Monday, following the downgrade of the United States' credit rating by Standard & Poor's. As we knew that Indonesian shares fell 195.86 points or 4.99 percent to 3,725.78 by the lunch break, despite the bright growth outlook for Southeast Asia's biggest economy, analysts said.
Standard Chartered Bank senior economist Fauzi Ikhsan told  to AFP."The short--term trend will be negative because this is about market sentiment, all global markets are being affected,"  "But it's all about the economy fundamentals of a country. Indonesia has good fundamentals and the market will be more rational in the middle and long term."

From government man, Economic Minister Hatta Rajasa said there was "no need to panic". "This is just a ripple effect from what happened in the US and Europe," he told reporters, referring to the debt crisis in Europe and the credit downgrade in the United States.