Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has\nresponded to the continuous sharp decline in the Indonesian stock\nmarket. According to him, the fall of the Indonesia Composite Index\n(IHSG) is driven by numerous negative issues circulating in society.<\/p>\n
\u201cIt is because of many negative issues,\u201d he stated when met at the\nDPR RI building in Jakarta on Wednesday (3\/6\/2026).<\/p>\n
He noted that domestic negative rumours have led several rating\nagencies to question Indonesia\u2019s economic condition. \u201cSo I think there\nare many rumours domestically; for instance, when S&P comes here,\nthere are rumours that S&P will downgrade us. Even though I was just\nabout to meet them tonight,\u201d he revealed.<\/p>\n
However, Purbaya asserted that based on the nation\u2019s fiscal\ncondition, there are no obstacles. \u201cLooking at our fiscal condition, I\nsee no problems,\u201d he added.<\/p>\n
He urged investors not to be anxious about the current capital market\nsituation, as he believes Indonesia\u2019s economic fundamentals remain\nstrong. He suggested that the cause of the IHSG\u2019s collapse is selling\npressure resulting from investor responses, but expects this condition\nto be short-term.<\/p>\n
\u201cDo not be afraid; the economic fundamentals are good. This might\njust be a short-term fear. The economic fundamentals are good, there are\nno problems,\u201d he said.<\/p>\n
Purbaya stated that Indonesia\u2019s economic resilience is reflected in\ntax revenues and economic circulation. He noted that purchasing power\nremains high due to steady public consumption. \u201cI think if you go on\nholiday to the regions, Jakarta becomes empty. But it turns out Jakarta\nis also busy. I haven\u2019t gone anywhere, I\u2019ve been walking around Jakarta,\nand it is crowded. So, it is still strong. Public purchasing power is\nquite strong, which will drive our economic growth. There is no need to\nfear a collapse or anything,\u201d he expressed.<\/p>\n
Purbaya added that the IHSG is capable of rebounding because it\npossesses a sufficiently solid economic foundation. \u201cI am confident it\nwill rise again because the economic foundation is good,\u201d he\nconcluded.<\/p>\n
For information, the IHSG suffered a massive decline today, Wednesday\n(3\/6\/2026). Within 5.5 hours of trading today, the IHSG experienced\nsevere volatility, recording several poor benchmarks. Market data shows\nthat the domestic benchmark index previously sat at its historical peak\nof 9,134.70 on 20 January 2026. However, today the IHSG was observed to\nclose down by 4.11% to the level of 5,941.07 from the previous close.\nDuring the second trading session, the IHSG even touched a level of\n5,842.00, its lowest since 31 May 2021 during the Covid-19 era. The\ndecline from the peak on 20 January 2026 to the current low reflects an\nextreme correction of 34.96% in a trading period of less than six\nmonths.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/idx-composite-plummets-over-4-purbaya-blames-negative-rumours-1780838427", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }