Indonesia Equities Under Pressure

2026-06-03 02:56 By Farida Husna 1 min. read

Indonesia’s IDX Composite tumbled 82 points, or 1.3%, to 6,113 in early Wednesday trade, erasing the prior session’s gains as losses spread across most sectors, led by basic materials, infrastructure, and transport.

Sentiment deteriorated after May inflation accelerated and April’s trade surplus narrowed sharply, underscoring pressure on purchasing power and external resilience.

Rupiah weakness also remained a key concern, with banks reportedly selling U.S.

dollars above IDR 18,000, while an inverted government bond yield curve signaled rising investor caution over the economic outlook.

Global cues added to the drag, as U.S.

stock futures were mainly lower amid fragile U.S.–Iran negotiations and ahead of the May jobs report.

Still, losses were capped by robust services activity in the top trading partner, China, during May, along with solid growth in manufacturing output.

Major laggards included Amman Mineral Intl.

(-8.5%), Merdeka Copper Gold (-5.3%), and Japfa Comfeed (-4.6%).



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Indonesia Equities Under Pressure
Indonesia’s IDX Composite tumbled 82 points, or 1.3%, to 6,113 in early Wednesday trade, erasing the prior session’s gains as losses spread across most sectors, led by basic materials, infrastructure, and transport. Sentiment deteriorated after May inflation accelerated and April’s trade surplus narrowed sharply, underscoring pressure on purchasing power and external resilience. Rupiah weakness also remained a key concern, with banks reportedly selling U.S. dollars above IDR 18,000, while an inverted government bond yield curve signaled rising investor caution over the economic outlook. Global cues added to the drag, as U.S. stock futures were mainly lower amid fragile U.S.–Iran negotiations and ahead of the May jobs report. Still, losses were capped by robust services activity in the top trading partner, China, during May, along with solid growth in manufacturing output. Major laggards included Amman Mineral Intl. (-8.5%), Merdeka Copper Gold (-5.3%), and Japfa Comfeed (-4.6%).
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