The Jakarta Composite Index (IHSG) reversed course into the red on\nThursday morning, falling 0.43% to 6,346.15, after MSCI announced the\nresults of its August 2026 Index Review. The index had opened slightly\nhigher at 6,388.23 before succumbing to selling pressure. Morning\ntrading volume reached Rp 647.8 billion, with 1.2 billion shares\nchanging hands across 95,580 transactions.<\/p>\n
MSCI did not add any Indonesian stocks to its Global Standard Indexes\nin the latest review. Instead, two stocks were removed from the standard\ncategory: PT Charoen Pokphand Indonesia Tbk (CPIN), which was downgraded\nto the MSCI Global Small Cap Indexes, and PT GoTo Gojek Tokopedia Tbk\n(GOTO), which was deleted from the MSCI Indonesia Investable Market\nIndex (IMI). Additionally, MSCI removed nine Indonesian stocks from its\nGlobal Small Cap Indexes. All changes will take effect after market\nclose on 31 August 2026, becoming effective on 1 September 2026.<\/p>\n
From the United States, markets received limited positive signals\nafter July\u2019s consumer price index (CPI) came in line with expectations.\nCPI rose 0.1% month-on-month and 3.4% year-on-year, while core inflation\nincreased 0.2% and 2.5% respectively. The data eased concerns about\ninflationary pressure, although the pace remains above the Federal\nReserve\u2019s 2% target. Market attention now shifts to the US Producer\nPrice Index (PPI) and initial jobless claims due Thursday evening.\nLower-than-expected figures could strengthen expectations for a Fed rate\ncut, providing a positive sentiment for risk assets including Indonesian\nequities.<\/p>\n
Regionally, investors will also monitor Japan\u2019s PPI, which is\nexpected to have risen again in July. A higher-than-anticipated increase\nin producer inflation could reinforce expectations for Bank of Japan\nmonetary policy normalisation and increase Asian market volatility.\nMeanwhile, geopolitical uncertainty in the Middle East continues to pose\na risk to global markets, with the deadlock between the US and Iran over\nthe reopening of the Strait of Hormuz keeping oil prices elevated and\nvolatile, with Brent crude around US$88 per barrel and WTI around US$83\nper barrel.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ihsg-opens-lower-after-msci-drops-10-indonesian-stocks-from-global-indexes-1786589464", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }