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Mysterious 1,000% Stock Gains Baffle Traders in Indonesia

(Bloomberg) Unexplained gains in Indonesian stocks are fueling calls for tighter regulation in Southeast Asia’s biggest equity market.Most Read from BloombergSocial Security Benefits Targeted for Cuts by House ConservativesA Goldman Partner’s Sexually Explicit Video Led to Millions in SettlementStock Rally Is Deepening Beyond AI-Fueled Craze: Markets WrapUS Submarine Damaged in South China Sea Won’t Return Until 2026 as Shipyards Are CloggedBiggest Losers of AI Boom Are Knowledge Workers, McK

Mysterious 1,000% rise in 'deep fried' stocks baffle Indonesia

Known as “deep fried” shares among local traders, they often have concentrated ownership, low trading volume, scant analyst coverage and elevated valuations relative to peers.