Investors Please Gather! This Is Investment Advice If The Russia-Ukraine War Makes Indonesia's Financial Market Negative

Illustration. (Photo: Doc. Antara)

JAKARTA - The conflict between Russia and Ukraine is heating up. The tension between the two countries had an impact on the world's financial markets which reacted negatively, and Indonesia was no exception.

This can be seen in the Composite Stock Price Index (IHSG) and the rupiah which weakened last Thursday.

Center of Reform on Economics (Core) economist Piter Abdullah is concerned about the impact of tensions between the two countries on financial markets. According to him, the conflict will make financial markets in the world react negatively.

"The immediate impact of tensions or even the war between Russia and Ukraine is mainly on financial markets. I expect financial markets around the world to react negatively. Indices will correct and Securities prices will fall so yields will increase," he said, contacted by VOI, Friday, February 25.

So what is the advice for investors?

Piter said that although the price is expected to correct, investors are reminded not to panic selling.

"Especially don't panic selling. Prices are estimated to be corrected, but there's no need to panic. Especially for those who can still invest long-term," he said.

In addition, Piter also advised investors to follow news of the development of the conflict between the two countries. Then, analyze it to make a decision.

"It's better to wait and see first. Follow developments related to this conflict carefully. Analyze, then make a decision," he said.

For your information, tensions between Russia and Ukraine have increased, even leading to physical war. Russia also launched an all-out invasion of Ukraine by land, sea and air on Thursday, February 24, 2022. In fact, this was considered the biggest attack among European countries since World War II.

Ukrainian President Volodymyr Zelenskyy has called on all his citizens to be ready to go forward against Russian forces. He said the state would provide weapons to the people who were willing to come forward to fight the Russian military.