{
    "success": true,
    "data": {
        "id": 1796701,
        "msgid": "jci-and-rupiah-rally-threatened-by-twin-storms-from-the-us-1781135528",
        "date": "2026-06-11 06:20:31",
        "title": "JCI and Rupiah Rally Threatened by Twin Storms from the US",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's stock market and currency are rallying but face severe headwinds from escalating US-Iran military conflict and surging US inflation. Fresh American strikes on Iranian targets have sent oil prices spiking and global markets tumbling, threatening to reverse gains in Indonesian assets.",
        "content": "<p>From the United States (US) stock market, Wall Street closed\nuniformly weaker on Wednesday, or early Thursday Indonesian time, after\nAmerican forces began launching additional strikes against several\ntargets in Iran. The Dow Jones Industrial Average fell 953.33 points, or\n1.87%, to 49,918.78. Meanwhile, the S&amp;P 500 weakened 1.62% to\n7,266.99 and the Nasdaq Composite plunged 1.98% to 25,169.50. The three\nmain Wall Street indices fell after Trump vowed to launch additional\nstrikes against Iran. He said, \u201cWe will hit them very, very hard.\u201d In a\npost on Wednesday morning, Trump wrote that Iran has delayed\nnegotiations for too long on a deal that would actually be very\nbeneficial for them, and now they must pay the price. The United States\nbegan launching strikes on Iran on Wednesday, according to a statement\nfrom US Central Command (CENTCOM). In a post on platform X, CENTCOM\nstated the US military began \u201claunching additional strikes in\nself-defence at 5:15 p.m. ET against several targets in Iran at the\ndirection of the Commander-in-Chief.\u201d The post confirmed the strikes\nwere conducted \u201cin response to Iran\u2019s unprovoked and ongoing\naggression.\u201d Iranian state media reported that Iran has targeted US\nships in the Strait of Hormuz with missile and drone attacks. Oil prices\nsurged following the threat. West Texas Intermediate (WTI) crude oil\nfutures rose 2.07% to close at US$90.03 per barrel, while Brent crude\nstrengthened 1.8% to US$93.10 per barrel. Tensions in the Middle East\nescalated again on Tuesday night after US forces launched strikes\nagainst Iran in response to the downing of a US Army Apache helicopter\non Monday, according to US Central Command. Previously, Trump accused\nIran of shooting down the helicopter that was patrolling the Strait of\nHormuz. \u201cThe development of this Iran war is having an enormous impact,\u201d\nsaid Jed Ellerbroek, portfolio manager at Argent Capital Management, as\nquoted by CNBC International. \u201cInvestors may be proven right that there\nis nothing to worry about, Trump will handle it, there will be a deal\nwith Iran and the Strait of Hormuz will reopen. But if not, it feels\nlike oil prices need to go much higher,\u201d he said. He added that under\ncurrent investment conditions, it is very difficult for investors to\nfeel comfortable. Chip sector stocks were again under pressure on\nWednesday. Shares of Micron Technology, Advanced Micro Devices, and\nBroadcom fell for the fourth day in the last five trading sessions. The\niShares Semiconductor ETF (SOXX) plunged more than 3% after weakening\nagain since Tuesday. Last week, chip stocks were hit hard, causing SOXX\nto plummet 10% in a single day on Friday. After a slight rebound on\nMonday, the sell-off continued on Tuesday. Pressure on chip stocks comes\nahead of SpaceX\u2019s initial public offering (IPO) on Friday. Several\nmarket participants assess that investors, especially retail investors,\nare selling some chip stocks that have recorded substantial gains to\nprovide funds to buy shares in the largest IPO in history. However, some\nanalysts view this weakness as merely profit-taking after a very rapid\nrally. Even so, the SOXX ETF is still recording a gain of about 80% so\nfar this year. From the economic side, US core inflation data (core\nCPI), which excludes food and energy components, showed a\nlower-than-expected increase in May. Core CPI rose 0.2% month-on-month,\nlower than market expectations of 0.3%. Annually, core inflation stood\nat 2.9%, in line with analysts\u2019 expectations, but still above the\nFederal Reserve\u2019s 2% inflation target. Meanwhile, headline inflation,\nwhich includes all price components, rose through 4% for the first time\nin three years. American forces began launching additional strikes\nagainst several targets in Iran at 5:15 p.m. EDT (21:15 GMT), according\nto a United States Central Command statement posted on platform X on\nWednesday. \u201cThese strikes are a response to Iran\u2019s unprovoked and\nongoing aggression,\u201d the US military said. According to several US media\nreports, the strikes targeted vital Iranian facilities, including\nammunition depots, command and control centres, and military logistics\nfacilities. This move is the latest escalation in tensions between\nWashington and Tehran following the incident of the downing of a US Army\nApache helicopter near the Strait of Hormuz. Indonesia\u2019s financial\nmarket today will still be faced with dynamics ranging from war to\ninvestors continuing to scrutinise domestic fiscal resilience and the\ncontinuation of global macroeconomics. The JCI and rupiah are in a\nstrengthening phase. However, the JCI and rupiah party could be ruined\nby two pieces of bad news from the United States, namely new strikes by\nthe US military and soaring US inflation.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-and-rupiah-rally-threatened-by-twin-storms-from-the-us-1781135528",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}