The Indonesia Composite Index (IHSG) opened significantly lower at\nthe start of trading today, Monday (18\/5\/2026). The index fell by 94.34\npoints, or 1.40%, to the 6,628.97 level. Shortly after the opening bell,\nthe decline deepened to 2.59%. Among the listed companies, shares\nassociated with Prajogo Widjaja remain a primary driver of the weakness,\nalongside other issuers such as DSSA, which are under scrutiny following\nreviews by international index providers MSCI and FTSE.<\/p>\n
As the first trading week of the period begins, domestic market\nparticipants are closely monitoring several key domestic and\ninternational agendas. Following a difficult previous week, where the\nstock market fell 3.5% and the Rupiah depreciated by 0.58%, both the\ncurrency and the index face significant challenges due to various\nprevailing sentiments. Domestically, market attention remains focused on\nthe subsequent impacts of the MSCI review, the Bank Indonesia Board of\nGovernors meeting, and upcoming BI data releases. Internationally,\ninvestors are awaiting Chinese economic data and the release of the\nFederal Reserve\u2019s FOMC minutes scheduled for Wednesday (21\/5\/2026).<\/p>\n
Asia-Pacific markets also trended lower on Monday amid rising\ninvestor concerns regarding the escalation of geopolitical conflict in\nthe Middle East. Market sentiment worsened following warnings from US\nPresident Donald Trump regarding Iran, triggering fears of disruptions\nto the global oil supply. This geopolitical tension immediately drove a\nsurge in global oil prices, with Brent crude futures for July rising\n1.34% to US$110.72 per barrel, while West Texas Intermediate (WTI) June\ncontracts strengthened 1.75% to US$107.26 per barrel.<\/p>\n
Most Asian exchanges traded in the red. The Australian S&P\/ASX\n200 fell 0.76%, the Japanese Nikkei 225 weakened by 0.2%, and the Topix\nsaw a slight increase of 0.1%. In South Korea, the Kospi and Kosdaq\nindices plummeted by more than 2%. Meanwhile, the 10-year Japanese\ngovernment bond yield rose by more than 8 basis points to 2.785%,\nextending the global bond sell-off amid rising inflation concerns. The\nHang Seng futures in Hong Kong also sat lower at 25,733 compared to the\nprevious close of 25,962.73, as investors monitor the high tensions\nbetween Washington and Tehran.<\/p>\n
In the United States, stock futures remained relatively flat\nfollowing last week\u2019s strong rally. Investors are now awaiting quarterly\nearnings reports from Nvidia and several major US retailers. US tech\nstocks have faced pressure, with Intel falling more than 6%, while AMD\nand Micron Technology dropped 5.7% and 6.6% respectively. Nvidia also\ncorrected by 4.4%, highlighting investor concerns regarding high\nvaluations in the AI sector amidst global uncertainty.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/msci-ftse-effects-persist-as-idx-opens-with-2-59-plunge-1780928310", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }