Crisis · Jakarta Composite Index (1998)
Between January and August 1998, the Jakarta Composite plunged 29.8% amid riots and political crisis across 144 trading days. Replay each daily bar, navigate 25 decision points (9 critical), and receive an AI coach review — simulated capital, fully educational.
144 daily bars · 25 decision points · 1998-01 to 1998-08 · Stocks
Key facts
This window spans 212 days with a peak-to-trough drawdown of 29.8% and a 61.6% run-up.
- Max drawdown
- −29.8%
- Max run-up
- +61.6%
- Duration
- 212 days
- Largest single-day move
- +14.0%
- Bars
- 144 Daily bars
- Decision points
- 25
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
The Jakarta Composite Index entered 1998 under the shadow of mounting political tensions that would soon overwhelm Indonesia. Between January 5 and August 5, 1998, traders faced 144 daily bars of an era defined by uncertainty, riots, and the fall of a president. The decade of the 1990s had delivered few environments more treacherous for equity investors, and the market offered no clear roadmap through the chaos.
What unfolded was a study in volatility. The index ultimately closed the period at 441.78, representing a 7.5% recovery from an opening close of 410.83, but this modest headline number concealed a 29.8% max drawdown along the way. A single trading day saw a 14.0% move, underscoring how quickly positions could be made or destroyed. Navigating this required surviving the deepest dips before benefiting from any rebound.
The scenario presents 25 decision points across 9 critical junctures, demanding that participants confront risk management, emotional discipline, and the limits of analysis during systemic crises. How does one size positions when 14.0% single-day swings are possible? When does discipline become capitulation? These questions shape the educational value of reliving this period, not as investment advice but as a test of decision-making under the extreme conditions that defined the 1990s crisis in Jakarta.