Breaking News! Jakarta Composite Index Opens Down 3.5%<\/p>\n
Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (IHSG) plunged\ndeeper, hitting the 5,395.07 level, or dropping 199.70 points, a 3.57%\ndecline at the opening of trading today, Monday (8\/6\/2026).<\/p>\n
The weakening reflects persistent selling pressure across almost all\nmarket sectors. A total of 497 stocks were recorded as declining, while\nonly 73 stocks gained, and 389 stocks remained stagnant.<\/p>\n
The morning\u2019s transaction value reached Rp885.8 billion, with trading\nvolume touching 1.05 billion shares and transaction frequency reaching\n101,000 times.<\/p>\n
Indonesia\u2019s financial markets continue to face dynamics ranging from\nwarfare to investors closely monitoring domestic fiscal resilience. Iran\nreportedly launched missiles towards Israel on Sunday (7\/6\/2026),\nmarking the first time since the ceasefire between Tehran and Washington\ncame into effect last April.<\/p>\n
The Speaker of the Iranian Parliament, Mohammed Baqer Ghalibaf,\naccused the US maritime blockade and Israeli attacks in Lebanon of\nviolating the agreement. He stated that US bases and Israeli assets in\nthe region are now legitimate targets.<\/p>\n
US President Donald Trump, having received reports on the attack,\nstated that Iran\u2019s actions would not assist the negotiation process.\nTrump is also said to be contacting Israeli Prime Minister Benjamin\nNetanyahu to urge him not to retaliress against the Iranian attack.<\/p>\n
The Islamic Revolutionary Guard Corps (IRGC) emphasised that the\nceasefire holds on the condition that conflict also ceases on all\nfronts, including Lebanon. Iran warned that a broader response would\nfollow if attacks recur.<\/p>\n
These tensions threaten fragile peace efforts. Iran demands an end to\nthe war in Lebanon and the lifting of the US blockade, while Washington\nrequests Tehran surrender nuclear materials and cease nuclear weapons\nambitions.<\/p>\n
Domestically, Finance Minister Purbaya Yudhi Sadewa presented the\nrealisation of the State Budget (APBN) up to the end of May 2026 during\nthe APBN KiTA Press Conference held on Friday (5\/6\/2026).<\/p>\n
Amid global uncertainty and geopolitical tensions in the Middle East,\nthe Finance Minister asserted that Indonesia\u2019s economic foundation\nremains solid, with APBN realisation showing a very positive trend.<\/p>\n
The APBN deficit position remains well-maintained, measured, and in\naccordance with the 2026 APBN design. Budget financing is also managed\nprudently, efficiently, and flexibly in response to financial market\ndynamics.<\/p>\n
The budget deficit increased slightly to Rp180.4 trillion, or 0.70%\nof GDP. This figure is slightly higher than the Rp164.4 trillion, or\n0.64% of GDP, recorded at the end of April 2026.<\/p>\n
\u201cThe realisation of the APBN up to May 2026 continues to show\npositive trends,\u201d said Purbaya during the press conference, as quoted on\nMonday (8\/6\/2026).<\/p>\n
Fiscal deficits remain a sharp focus for investors, particularly\namidst war volatility which drives up energy prices and derivatives,\nexpected to increase costs.<\/p>\n
Meanwhile, the US Dollar Index rose back to the 100.069 level, its\nhighest since late March 2026. The strengthening dollar index signifies\nthat investors are returning to US dollars, which could trigger outflows\nfrom emerging markets, such as Indonesia. Consequently, the Rupiah\nremains under threat.<\/p>\n
In the past week, the Rupiah plummeted to the level of\nRp18,000\/US$1.<\/p>\n
Deputy Governor of Bank Indonesia, Destry Damayanti, noted that the\nexchange rate weakness is still influenced by the escalating\ngeopolitical tensions in the Middle East, which hampers peace prospects,\nkeeps oil prices high, and increases the risk of global inflation and\ncapital outflows from developing nations.<\/p>\n
\u201cFurthermore, domestic demand for dollars remains quite high,\nfollowing patterns of dividend repatriation and external debt payments,\u201d\nsaid Destry in a short message to CNBC Indonesia, quoted on Monday\n(8\/6\/2026).<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/breaking-news-jakarta-composite-index-opens-down-3-5-1780887904", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }