The Jakarta Composite Index (JCI) ended Thursday, 15 October 2026, in\nnegative territory. The index stood at 5,863.78, down 79.24 points, or\n1.33%.<\/p>\n
The JCI opened at 5,917.13, below the previous day\u2019s closing level.\nIts high for the day was 5,917.70, barely above the opening price,\nmeaning the index failed to move higher after the start of the session.\nSelling pressure then dragged it down to a low of 5,804.21.<\/p>\n
The index fell sharply from the opening, then briefly held in the\n5,890\u20135,900 range before weakening again towards 10am WIB. Its steepest\ndecline came at around 11am, when the JCI touched the 5,800 range. It\nthen moved sideways between 5,805 and 5,850 through the afternoon.\nTowards the close, the index pared some of its losses, rising to\n5,863.78, around 59.6 points above the day\u2019s low.<\/p>\n
Trading volume reached 306.62 million lots, with transaction value\ntotalling Rp10,250.65 billion, or around Rp10.25 trillion.<\/p>\n
According to the Indonesia Stock Exchange (IDX), the decline\nreflected losses in 592 shares, while 252 were unchanged and only 119\nrose.<\/p>\n
Refinitiv data showed infrastructure was the biggest drag on the JCI,\nplunging 4.6%, followed by energy, down 2.7%, and industrial shares,\nwhich fell 2.4%.<\/p>\n
The shares weighing most heavily on the index included PT Barito\nRenewables Energy Tbk (BREN), PT Dian Swastatika Sentosa Tbk (DSSA), PT\nBank Central Asia Tbk (BBCA), PT Chandra Asri Pacific Tbk (TPIA) and PT\nVKTR Teknologi Mobilitas Tbk (VKTR).<\/p>\n
Among the shares that helped cushion the decline were PT Amman\nMineral Internasional Tbk (AMMN), PT Bank Mandiri (Persero) Tbk (BMRI),\nPT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT United Tractors Tbk\n(UNTR) and PT Bank of India Indonesia Tbk (BSWD).<\/p>\n
Several events and economic data releases continued to weigh on\nIndonesia\u2019s financial markets, including a speech by Federal Reserve\nChairman Kevin Warsh at the IMF-World Bank meetings in Bangkok,\nThailand.<\/p>\n
Key market sentiment factors included:<\/p>\n
Yemen\u2019s Houthi group threatened to continue attacks on Saudi airports\nand oil facilities. The threat came a day after an attack reportedly\ndamaged the complex of oil giant Saudi Aramco in Dhahran.<\/p>\n
The Houthis described the facilities as legitimate targets and said\nthe attack was 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 dependence on oil. In\nYemen, intensifying fighting is also worsening the humanitarian crisis\nand disrupting the delivery of aid.<\/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 the previous two months. The figure exceeded market expectations\nof 3.6%, driven by a surge in energy prices.<\/p>\n
According to the US Bureau of Labour Statistics, petrol prices jumped\n34.2% year-on-year, while heating oil prices soared 74.2%.\nMonth-on-month, the US Consumer Price Index (CPI) rose 0.6%, its largest\nincrease since April 2026. Petrol prices surged 9.1%, accounting for\nmore than half of the monthly CPI rise.<\/p>\n
Underlying price pressures were also evident in core CPI, which rose\nto 2.6% year-on-year from 2.4% in August. Core inflation increased 0.3%\nmonth-on-month, exceeding expectations of 0.2%.<\/p>\n
Following the higher inflation reading, the dollar index surged,\nreaching 102.555 in Wednesday\u2019s trading. It remained near its highest\nlevel since April 2025, around 18 months ago.<\/p>\n
The dollar\u2019s rise could weaken the rupiah amid the risk of outflows\nfrom emerging markets.<\/p>\n
China released September consumer and producer inflation data and\ntrade figures on Wednesday. Its trade surplus rose sharply to US$133.53\nbillion in September 2026, up from US$88.72 billion in the same period\nlast year. The figure exceeded market expectations of US$118.1 billion\nand was the second-largest surplus on record.<\/p>\n
Data from China\u2019s General Administration of Customs showed exports\nsurged 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 jumped 52.3%.<\/p>\n
China\u2019s imports also surged 31% year-on-year to a record US$313.66\nbillion, exceeding market expectations of 24.5%.<\/p>\n
China\u2019s cumulative trade surplus reached US$938.11 billion in\nJanuary\u2013September 2026, raising the prospect that the annual surplus\ncould once again exceed last year\u2019s record of US$1.2 trillion.<\/p>\n
The improvement in China\u2019s trade balance, particularly the rise in\nimports, 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 market expectations of 1%.<\/p>\n
China\u2019s CPI rose 0.2% month-on-month in September 2026. Since 1996,\nmonthly Chinese inflation has averaged 0.14%, with a record high of 2.6%\nin February 2008 and a low of minus 1.8% in June 1998.<\/p>\n
Meanwhile, producer price inflation surged to 5%, its highest level\nsince June 2022, from 3.8% in August. Higher fuel prices and production\ncosts drove price pressures in the industrial sector.<\/p>\n
The IMF-World Bank meetings in Bangkok, Thailand, included an\nimportant event on Thursday, 15 October 2026: a fireside chat between\nInternational Monetary Fund Managing Director Kristalina Georgieva and\nFederal Reserve Chairman Kevin Warsh.<\/p>\n
The discussion, scheduled for 10.30am WIB, could offer clues about\nthe global economic outlook, inflation pressures, the direction of US\ninterest rates and global debt risks.<\/p>\n
Warsh\u2019s remarks are being closely watched by market participants\nbecause they could influence expectations for Fed monetary policy, the\nUS dollar, 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 tone could support\nrisk assets.<\/p>\n
On Thursday, 15 October 2026, the US was due to release its producer\nprice index (PPI) data for September 2026. In August, PPI inflation rose\n0.4% month-on-month, its sharpest increase in three months, driven by\nhigher prices for goods, including diesel.<\/p>\n
Year-on-year producer inflation rose to 5.4% in August 2026 from 4.8%\nin July, mainly owing to higher transport costs.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-closes-down-1-33-at-5-863-1792057843", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }