The Jakarta Composite Index (JCI) remained in negative territory\nmidway through the second trading session on Thursday (8 October 2026).\nAt 1.37pm Jakarta time, it stood at 6,083.68, down 63.04 points, or\n1.03%. Trading volume totalled 413.83 million lots, with transactions\nvalued at Rp6,424.65 billion.<\/p>\n
Refinitiv data showed the decline was led by infrastructure stocks,\nwhich fell 2.9%, followed by energy, down 1.6%, and basic materials,\ndown 1.4%.<\/p>\n
Among the stocks weighing on the JCI were PT Amman Mineral\nInternasional Tbk (AMMN), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI),\nPT Bank Mandiri (Persero) Tbk (BMRI), PT Barito Renewables Energy Tbk\n(BREN) and PT Bumi Resources Minerals Tbk (BRMS).<\/p>\n
Stocks helping to cushion the index\u2019s decline included PT Astra\nInternational Tbk (ASII), PT Bank Central Asia Tbk (BBCA), PT Apollo\nGlobal Interactive Tbk (APOL), PT Merdeka Gold Resources Tbk (EMAS) and\nPT Vale Indonesia Tbk (INCO).<\/p>\n
Market sentiment on Thursday (8 October 2026) was expected to be\nshaped by developments in Indonesia\u2019s external resilience and the\ndirection of global monetary policy. Indonesia\u2019s foreign exchange\nreserves edged down the previous day, although their adequacy remained\nabove international standards; data on Indonesia\u2019s reserve money was\nalso released.<\/p>\n
Attention on Thursday turned to minutes from the Federal Open Market\nCommittee (FOMC) meeting, released in the early hours, as well as\nIndonesia\u2019s consumer confidence report.<\/p>\n
A hawkish stance from the Federal Reserve, a surge in the dollar\nindex and high US Treasury yields would put pressure on stock markets\nand the rupiah.<\/p>\n
Minutes from the European Central Bank and US jobless claims would\nprovide further indications of the outlook for interest rates, exchange\nrates and risk assets.<\/p>\n
US Treasury yields fell on Wednesday after strong demand at an\nauction of nearly US$40 billion in 10-year bonds. The decline followed a\nrise in yields to levels not seen since 2002.<\/p>\n
The 10-year US Treasury yield, an important benchmark for equity\nmarkets, briefly reached 5.365% in Wednesday\u2019s trading, its highest\nlevel since April 2002.<\/p>\n
Yields on longer-dated bonds also rose. The 30-year Treasury yield\nbriefly touched 5.732%, before retreating amid strong auction\ndemand.<\/p>\n
The US Treasury Department sold US$39 billion in 10-year bonds at a\nyield of 5.300%, the highest level this century. Strong demand\nsubsequently helped bring the yield down to around 5.27%. According to\nBloomberg, bids totalled 2.77 times the amount on offer.<\/p>\n
Indirect investors, including central banks and institutional\ninvestors, accounted for 80.34% of demand, while direct buyers accounted\nfor 17.12%, signalling strong interest in the debt.<\/p>\n
The 30-year Treasury yield also fell to around 5.65%, in line with\nstrong demand for US government debt.<\/p>\n
Rising Treasury yields are a concern for Indonesia because they can\nincrease pressure on emerging-market assets.<\/p>\n
Meanwhile, Asian share markets fell on Thursday (8 October 2026), as\nrising bond yields dampened investor appetite for equities.<\/p>\n
Japan\u2019s Nikkei 225 fell 0.4%, South Korea\u2019s Kospi slipped 0.35%, and\nAustralia\u2019s S&P\/ASX 200 declined 0.4%.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-falls-more-than-1-heres-why-1791449914", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }