Grab stock price bounces as Indonesia ride-hailing decree risk hangs over GRAB shares
Grab Holdings shares rose 2.7% to $4.51 in early Nasdaq trading Friday, rebounding after a 5.18% drop Thursday. The stock fell on news that Indonesia may cut ride-hailing commission caps and require platforms to cover more driver insurance. Investors await official word from Jakarta and Grab’s Feb. 11 earnings for further guidance. The proposed decree’s timing and details remain unclear.