Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (IHSG) traded\nin negative territory in the first session on Thursday (15 October\n2026). At 09:20 WIB, the index stood at 5,881.78, down 61.24 points, or\n1.03%.<\/p>\n
Pressure on the index was evident from the start of the session. The\nIHSG opened at 5,917.13, below the previous day\u2019s close, and continued\nto fall, touching an intraday low of 5,880.92. Its high for the day was\nonly 5,917.70, barely above the opening level.<\/p>\n
The IHSG staged a limited recovery, trading between 5,895 and 5,905,\nbut the rebound did not last.<\/p>\n
Trading volume was 55.42 million lots, with transactions worth\nRp1,292.65 billion.<\/p>\n
Indonesia\u2019s financial markets are expected to remain under pressure\ntoday. Rising US inflation, a persistently strong dollar and ongoing\nwars could weigh on the IHSG and the rupiah.<\/p>\n
Several events and economic indicators are also in focus, including a\nspeech by Federal Reserve Chair Kevin Warsh at the IMF-World Bank\nmeeting in Bangkok, Thailand.<\/p>\n
Here are some of the day\u2019s market factors:<\/p>\n
Yemen\u2019s Houthi group has threatened to continue attacks on Saudi\nairports and oil facilities. The threat came a day after an attack\nreportedly damaged the complex of oil giant Saudi Aramco in Dhahran.<\/p>\n
The Houthis called the facilities legitimate targets and said the\nattacks were retaliation for Saudi strikes in Yemen. The Saudi-led\ncoalition said it had intercepted a ballistic missile heading towards\nRiyadh on Wednesday.<\/p>\n
The escalation threatens Crown Prince Mohammed bin Salman\u2019s ambitions\nto diversify Saudi Arabia\u2019s economy and reduce its reliance on oil. In\nYemen, intensifying fighting is also worsening the humanitarian crisis\nand obstructing aid deliveries.<\/p>\n
The US released its September inflation data on Wednesday.<\/p>\n
US inflation rose to 3.7% year on year in September 2026, up from\n3.4% in each of the previous two months. The figure exceeded market\nexpectations of 3.6%, driven by a surge in energy prices.<\/p>\n
According to the US Bureau of Labor Statistics (BLS), petrol prices\njumped 34.2% year on year, while heating oil prices surged 74.2%. On a\nmonth-on-month basis, the US Consumer Price Index (CPI) rose by 0.6%,\nits biggest increase since April 2026. Petrol prices climbed 9.1%,\naccounting for more than half of the monthly CPI increase.<\/p>\n
Core CPI also showed pressure, rising to 2.6% year on year from 2.4%\nin August. Month on month, core inflation increased by 0.3%, above the\n0.2% expected.<\/p>\n
Following the higher inflation reading, the dollar index surged,\nreaching 102.555 on Wednesday. It remains near its highest level since\nApril 2025, around 18 months ago.<\/p>\n
The rise in the dollar index could weaken the rupiah, as it may\nprompt outflows from emerging markets.<\/p>\n
China released September data on consumer and producer inflation and\nits trade balance on Wednesday. Its trade surplus surged to US$133.53\nbillion in September 2026, up sharply from US$88.72 billion in the same\nperiod last year. The figure exceeded market expectations of US$118.1\nbillion and was the second-largest surplus on record.<\/p>\n
According to China\u2019s General Administration of Customs, exports\njumped 36.3% year on year to US$447.18 billion.<\/p>\n
Car exports also rose sharply. Shipments to the United States\nincreased 39.6%, while exports to the European Union grew 25.3% and\nthose to ASEAN countries surged 52.3%.<\/p>\n
China\u2019s imports also leapt 31% year on year to a record US$313.66\nbillion, exceeding the market forecast of 24.5%.<\/p>\n
China\u2019s cumulative trade surplus reached US$938.11 billion in\nJanuary-September 2026. This puts it on course to exceed last year\u2019s\nrecord annual surplus of US$1.2 trillion.<\/p>\n
The improvement in China\u2019s trade balance, particularly the increase\nin imports, is positive news for Indonesia. China is Indonesia\u2019s main\ntrading partner, and higher imports are expected to boost demand for\nIndonesian goods.<\/p>\n
China\u2019s inflation rose to 0.9% year on year in September 2026, from\n0.8% in August. The increase was driven by transport costs and energy\nprices, although it remained below the market expectation of 1%.<\/p>\n
China\u2019s Consumer Price Index rose 0.2% month on month in September\n2026. Since 1996, monthly inflation in China has averaged 0.14%, with a\nrecord high of 2.6% in February 2008 and a low of minus 1.8% in June\n1998.<\/p>\n
Meanwhile, producer inflation, measured by the Producer Price Index\n(PPI), surged to 5%, its highest level since June 2022, from 3.8% in\nAugust. Higher fuel prices and production costs are driving price\npressures in the industrial sector.<\/p>\n
The IMF-World Bank meeting in Bangkok, Thailand, has an important\nevent on Thursday (15 October 2026): a fireside chat between IMF\nManaging Director Kristalina Georgieva and Federal Reserve Chair Kevin\nWarsh.<\/p>\n
The discussion, scheduled for 10:30 WIB, could offer clues about the\nglobal economic outlook, inflationary pressures, the direction of US\ninterest rates and global debt risks.<\/p>\n
Warsh\u2019s comments are being closely watched because they could\ninfluence expectations for Federal Reserve monetary policy, the US\ndollar, US Treasury yields and gold prices. For Indonesia, signals of\ntighter Fed policy could put pressure on the rupiah and trigger capital\noutflows from emerging markets, while a more dovish signal could support\nrisk assets.<\/p>\n
The US is due to release its September 2026 Producer Price Index\n(PPI) on Thursday (15 October 2026). In August 2026, producer inflation\nrose 0.4% month on month, its largest increase in three months, driven\nby higher goods prices, including diesel.<\/p>\n
Year on year, producer inflation increased to 5.4% in August 2026\nfrom 4.8% in July, mainly due to higher transport costs.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/breaking-jakarta-composite-index-slumps-more-than-1-1792032669", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }