IHSG Performance Year-to-Date Turns Out to be the Worst in the World
The performance of the Indonesia Composite Index (IHSG) has become one of the worst in the world year-to-date (YTD). Based on trading data up to 18 May 2026, the IHSG recorded a plunge of more than 24% YTD. This decline is the deepest compared to the majority of major global stock exchanges.
In the Asian region, the weakening of the IHSG is far more profound than other major exchanges. Citing data from Trading Economics, India’s Nifty 50 index fell 9.6% YTD, while China’s Shanghai 50 weakened by 3.17%.
Pressure in the Indonesian market is also visibly heavier than in Europe and Australia. Most European indices corrected by less than 7% YTD, such as Ukraine’s PFTS at -6.96%, Ireland’s ISEQ at -6.45%, and Germany’s DAX, which fell 2.78%.
In Australia, the ASX200 corrected by 2.88% YTD, while New Zealand’s NZX50 fell by 5.8%.
Meanwhile, in Africa and Latin America, the decline was relatively more moderate. South Africa’s SA40 index fell only 1.89% YTD, while the SEMDEX in Mauritius dropped by 4.07%.
On a monthly basis, the IHSG also recorded a decline of more than 14%, demonstrating that selling pressure remains very strong in the domestic market.
In today’s trading, the IHSG initially dropped by more than 4% and closed the first session with a decline of 3.76%. By the end of trading, the IHSG trimmed its losses to end down 1.85% at the 6,599.24 level.
Meanwhile, the majority of stock exchanges in the Asia-Pacific region moved into the red during today’s trading. However, the pressure experienced by the IHSG was far deeper than most major indices in the region. For comparison, Japan’s Nikkei fell only 0.97%, Hong Kong’s Hang Seng weakened by 1.11%, Australia’s ASX200 corrected by 1.45%, and Taiwan fell by 0.68%.
In fact, several major Asian exchanges were relatively able to remain flat. China’s Shanghai Composite fell only 0.09%, and India’s Nifty 50 was minus 0.08%.
Amidst regional pressure, the South Korean market actually remained in the green, with the KOSPI rising 0.31% and Singapore’s STI strengthening by 0.1%.