The Jakarta Composite Index (JCI) fell during Monday\u2019s (12 October\n2026) first trading session after opening in positive territory. At 12\nnoon Jakarta time, the index stood at 5,975.78, down 61.44 points, or\n1.93%, from the previous close. Its low for the day was 5,971.41, a fall\nof 2%.<\/p>\n
The index had opened at 6,109.32 at 9am, above the previous close of\n6,093.76. The gains were short-lived: the JCI briefly reached a session\nhigh of 6,128.72 before turning lower and moving into negative\nterritory. Selling pressure continued towards 10am.<\/p>\n
The infrastructure sector led the decline, tumbling 6.70%, followed\nby energy, down 3.65%, and basic materials, which fell 2.82%.<\/p>\n
Shares weighing on the JCI included PT Dian Swastatika Sentosa Tbk\n(DSSA), PT Bank Central Asia Tbk (BBCA), PT Barito Renewables Energy Tbk\n(BREN), PT Chandra Asri Pacific Tbk (TPIA) and PT GoTo Gojek Tokopedia\nTbk (GOTO).<\/p>\n
Other shares that contributed to the index\u2019s decline included PT\nAstra International Tbk (ASII), PT Multipolar Technology Tbk (MLPT) and\nPT Indofood Sukses Makmur Tbk (INDF).<\/p>\n
Global and Indonesian financial markets will be watching several\nimportant events and economic data releases from China and the United\nStates this week.<\/p>\n
The International Monetary Fund (IMF) meeting in Bangkok, Thailand,\nis one of the main events. A number of senior officials are due to\nattend and speak, including Federal Reserve Chair Kevin Warsh.<\/p>\n
Wednesday is expected to be particularly significant, with US and\nChinese inflation figures and China\u2019s trade balance due.<\/p>\n
Domestic catalysts are relatively limited, although political\ntensions could rise as the second anniversary of the Prabowo-Gibran\nadministration approaches.<\/p>\n
Key market events today and over the coming week include:<\/p>\n
US President Donald Trump is considering helping Saudi Arabia attack\nthe Houthi movement in Yemen following a deadly attack at Riyadh\nAirport. Such a move could draw the US into a new front in the Iran\nwar.<\/p>\n
\u201cWe might do it. We\u2019ll consider it,\u201d Trump told reporters at the\nWhite House on Saturday (10 October 2026), according to Reuters.<\/p>\n
Global finance officials will gather in Bangkok, Thailand, for the\nannual IMF and World Bank meetings. The event is taking place amid\ngeopolitical turmoil, rising energy costs, higher interest rates and\nmounting public debt.<\/p>\n
Under the theme \u201cThailand\u2019s New Horizons: Empowering People, Building\nResilience\u201d, discussions will cover the global economic outlook,\nfinancial stability, poverty reduction, job creation and the role of\nprivate investment in development.<\/p>\n
China is due to release its September 2026 consumer price index (CPI)\nand producer price index (PPI).<\/p>\n
In August, Chinese consumer inflation reached 0.8% year on year, up\nfrom 0.5% in July. Producer inflation rose to 3.8% from 3.5%.<\/p>\n
The latest figures will offer an indication of the strength of\ndomestic demand and cost pressures in the world\u2019s second-largest\neconomy. The developments matter to Indonesia because China is a major\ntrading partner and an important market for Indonesian commodity\nexports.<\/p>\n
China will also publish its September 2026 trade data. In August, the\ncountry recorded a trade surplus of US$119.09 billion.<\/p>\n
Exports surged 25% year on year to US$401.44 billion, while imports\ngrew 28.2% to US$282.36 billion.<\/p>\n
Investors will be watching to see whether the trade surge continues.\nGrowth in Chinese imports could benefit Indonesian exports, particularly\nif demand for commodities strengthens again.<\/p>\n
The September US inflation figures are among the week\u2019s most\nanticipated releases. They could provide clues about the Federal\nReserve\u2019s interest-rate policy.<\/p>\n
In August, annual US inflation held at 3.4%, while monthly inflation\nrose 0.4%, driven primarily by petrol prices.<\/p>\n
If price pressures rise again, the Fed may have less room to ease\nmonetary policy. The effects could be felt in the US dollar, bond\nyields, the rupiah and emerging-market share prices.<\/p>\n
Comments from Fed officials will also be closely watched. Fed\nVice-Chair for Supervision Michelle W. Bowman is scheduled to attend an\nevent in Bangkok on 14 October.<\/p>\n
The following day, Fed Chair Kevin Warsh is due to take part in a\ndiscussion with IMF Managing Director Kristalina Georgieva.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-falls-2-as-these-stocks-come-under-pressure-1791784321", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }