The Jakarta Composite Index (JCI) plunged deeper, hitting the\n5,348.95 level, or a drop of 245.82 points, representing a 4.39% decline\nduring today\u2019s trading, Monday (8\/6\/2026).<\/p>\n
Massive selling occurred across almost all market sectors. A total of\n606 stocks were recorded to have weakened, while only 57 stocks gained,\nand 296 remained stagnant. Transaction value reached Rp2.85 trillion,\nwith trading volume hitting 3.77 billion shares and transaction\nfrequency reaching 279,000 times.<\/p>\n
A correction of more than 4% in just about 10 minutes of trading\ndemonstrates highly aggressive selling pressure and indicates that panic\ncontinues to dominate market sentiment this morning.<\/p>\n
The JCI correction is inseparable from the Indonesian financial\nmarket, which continues to face dynamics ranging from war to investors\nclosely monitoring domestic fiscal resilience.<\/p>\n
Furthermore, over the weekend, Iran reportedly launched missiles at\nIsrael on Sunday (7\/6\/2026), the first time since the ceasefire between\nTehran and Washington came into effect last April. This has increased\nglobal uncertainty.<\/p>\n
Iran\u2019s Parliament Speaker, Mohammed Baqer Ghalibaf, accused the US\nmaritime blockade and Israeli attacks in Lebanon of violating the\nagreement. He stated that US bases and Israeli assets in the region are\nnow legitimate targets.<\/p>\n
US President Donald Trump, having received reports on the attack,\nstated that Iran\u2019s actions would not assist the negotiation process.\nTrump is also said to be contacting Israeli Prime Minister Benjamin\nNetanyahu to urge him not to retaliate against Iran.<\/p>\n
The Islamic Revolutionary Guard Corps (IRGC) emphasised that the\nceasefire holds on the condition that conflict also ceases on all\nfronts, including Lebanon. Iran warned that a broader response would\nfollow if attacks recur.<\/p>\n
This tension threatens fragile peace efforts. Iran demands an end to\nthe war in Lebanon and the lifting of the US blockade, while Washington\ndemands Tehran surrender its nuclear materials and cease nuclear weapons\nambitions.<\/p>\n
Domestically, Finance Minister Purbaya Yudhi Sadewa presented the\nrealisation of the State Budget (APBN) up to the end of May 2026 during\nthe APBN KiTA Press Conference held on Friday (5\/6\/2026).<\/p>\n
Amid global uncertainty and geopolitical tensions in the Middle East,\nthe Finance Minister emphasised that Indonesia\u2019s economic foundation\nremains solid, with APBN realisation showing a very positive trend.<\/p>\n
The APBN deficit remains well-maintained, measured, and in line with\nthe 2026 budget design. Budget financing is also managed prudently,\nefficiently, and flexibly in response to financial market dynamics.<\/p>\n
The fiscal deficit increased slightly to Rp180.4 trillion, or 0.70%\nof GDP. This figure is slightly higher than the Rp164.4 trillion, or\n0.64% of GDP, recorded at the end of April 2026.<\/p>\n
\u201cThe realisation of the APBN up to May 2026 continues to show\npositive results,\u201d said Purbaya during the press conference, as quoted\non Monday (8\/6\/2026).<\/p>\n
The fiscal deficit remains a sharp focus for investors, particularly\namidst war volatility which is driving up energy prices and derivatives,\nexpected to increase costs.<\/p>\n
Meanwhile, the US Dollar Index rose back to the 100.069 level, its\nhighest since late March 2026. The strengthening Dollar Index signifies\nthat investors are returning to the US Dollar, which could trigger\noutflows from emerging markets like Indonesia. Consequently, the Rupiah\nremains under threat.<\/p>\n
In the past week, the Rupiah plummeted to the level of Rp18,000\/US$,\nand in today\u2019s trading, it has even touched the 18,100 mark per US\nDollar.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/this-is-the-reason-why-the-jakarta-composite-index-plummeted-by-4-39-this-morning-1780887990", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }