Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) came\nunder heavy pressure again on Friday (16 October 2026).<\/p>\n
Indonesia\u2019s benchmark share index briefly fell by more than 10%,\ntouching 5,193.22, its lowest level in about six years, or since\nSeptember 2020.<\/p>\n
Refinitiv data show that this level was close to the JCI\u2019s position\non 4 September 2020, when it briefly reached 5,188.61. This means\nIndonesia\u2019s share index has returned to a range last seen when the\nCovid-19 pandemic was spreading.<\/p>\n
The latest pressure came amid investor concerns that MSCI (Morgan\nStanley Capital International) could downgrade Indonesia\u2019s stock market\nfrom Emerging Market to Standalone Market. The JCI had earlier fallen by\nmore than 8%, triggering a temporary trading halt.<\/p>\n
Over the past six years, the JCI has come under pressure several\ntimes because of major events, from the pandemic and geopolitical\nconflicts to trade wars and policy uncertainty.<\/p>\n
On 24 March 2020, the JCI briefly touched 3,911.72, its lowest point\nthat year, as markets panicked over the Covid-19 pandemic.<\/p>\n
After gradually recovering, the share market faced renewed\nuncertainty in 2022 amid the Russia-Ukraine war and global interest-rate\nrises to curb inflation.<\/p>\n
Severe pressure returned on 8 April 2025, when the JCI reached\n5,882.61 amid global market turmoil caused by US President Donald\nTrump\u2019s import tariff policies.<\/p>\n
In 2026, the JCI fell sharply again, reaching 5,317.91 on 8 June\nbefore setting a new low of 5,193.22 on 16 October.<\/p>\n
Unlike the pandemic-driven pressure in 2020 or the trade-war turmoil\nin 2025, the latest decline has been overshadowed by concerns about an\nMSCI review that could affect Indonesia\u2019s standing in global share\nindices and foreign investor fund flows.<\/p>\n
Refinitiv data show that the 5,193.22 level reached in trading today\nis also the JCI\u2019s lowest point for the period from 2022 to October\n2026.<\/p>\n
Here are the JCI\u2019s 10 lowest points during that period, based on\ndaily intraday lows.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/jci-falls-to-a-six-year-low-key-turning-points-1792126256", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }