{
    "success": true,
    "data": {
        "id": 2049568,
        "msgid": "jci-opens-down-2-1792637444",
        "date": "2026-10-22 09:03:38",
        "title": "JCI Opens Down 2%",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Jakarta Composite Index (JCI) fell 2.09% at the opening on Thursday, amid investor attention to domestic policy developments and global economic signals. Markets are also watching Indonesia\u2019s capital-market reforms and MSCI\u2019s review of the country\u2019s status, while President Prabowo Subianto said Indonesia would not be intimidated by the prospect of reclassification.",
        "content": "<p>Jakarta, CNBC Indonesia \u2014 The Jakarta Composite Index (JCI) came\nunder heavy selling pressure at the start of trading on Thursday (22\nOctober 2026). It stood at 5,217.14, down 111.22 points, or 2.09%.<\/p>\n<p>During the early session, the index traded within a narrow range,\nreaching a high of 5,250.94 and a low of 5,213.34. The JCI fell sharply\nafter opening before moving sideways at around 5,215.<\/p>\n<p>Trading volume was 8.75 million lots, with a total transaction value\nof Rp408.56 billion.<\/p>\n<p>On Thursday, market participants were monitoring several important\ndevelopments at home and abroad.<\/p>\n<p>These included Bank Indonesia\u2019s (BI) decision to keep its benchmark\ninterest rate unchanged, alongside new policies intended to encourage\nbank lending.<\/p>\n<p>Investors were also watching President Prabowo Subianto\u2019s remarks at\na plenary Cabinet meeting, including his response to the threat of\nIndonesia\u2019s stock-market classification being downgraded by MSCI.<\/p>\n<p>Overseas, renewed increases in UK inflation and a surge in French\ngovernment bond yields were among the factors attracting attention.<\/p>\n<p>Prabowo commented on a statement by global index provider MSCI, which\nsaid it was considering changing Indonesia\u2019s stock-market classification\nfrom Emerging Market to Standalone Market. He described MSCI\u2019s statement\nas pressure intended to frighten Indonesian market participants.<\/p>\n<p>\u201cWe still face many disruptions; we keep being obstructed by all\nsorts of things \u2014 MSCI and the like, trying to scare us,\u201d Prabowo said,\nas quoted by CNBC Indonesia on Wednesday (21 October 2026).<\/p>\n<p>MSCI is consulting market participants on the possibility of changing\nIndonesia\u2019s classification from Emerging Market to Standalone Market.\nThe consultation is scheduled to continue until April 2027, with a final\ndecision due no later than 30 June 2027.<\/p>\n<p>Despite the significant pressure on the stock market, Prabowo\nstressed that Indonesia would not be deterred by these challenges.<\/p>\n<p>Market participants will also continue to monitor the capital-market\nreforms being pursued by Indonesian authorities, particularly those\nconcerning share-ownership transparency and enforcement of trading\nrules. These measures are in focus ahead of MSCI\u2019s final decision in\nJune 2027.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jci-opens-down-2-1792637444",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}