IHSG Plummets, Dropping 4.30% to 5,600
Jakarta, CNBC Indonesia - The Indonesia Composite Index (IHSG) during morning trading on Thursday (4/6/2026) was recorded weakening by 4.30% to the level of 5,568.25. A total of 654 stocks declined, 258 stocks remained stagnant, and only 48 stocks strengthened. Transaction frequency reached 606,900 times, with a trading volume of 8.77 billion shares valued at Rp5.27 trillion.
At the start of trading, the IHSG opened lower at the 5,919.57 level. However, selling pressure continued to dominate, causing the index to drop deeper to 5,874.70, a decline of 66.37 points (-1.12%). During this morning’s session, the IHSG touched a high of 5,924.51 and a low of 5,873.00. Market pressure also reduced the Exchange’s market capitalisation to Rp10,311 trillion.
Notably, in the previous trading session, the IHSG closed down 4.11% to the 5,941.07 level, after foreign investors recorded net selling of almost Rp1 trillion and approximately 75% of stocks ended in the red zone. Following yesterday’s sharp decline, the IHSG is expected to face further pressure today, with various domestic and international sentiments acting as market drivers. The collapse of Wall Street, rising oil prices, a strengthening US dollar, and the continued resilience of the US economy could further pressure Indonesian financial markets today.
In the regional context, the South Korean Kospi index corrected by 2% upon reopening after the holiday, although the small-cap Kosdaq index strengthened by more than 2%. In Japan, the Nikkei 225 index fell 1.4% after hitting record highs in the previous session, while the Topix index weakened by 0.91% amid investor profit-taking and increasing global uncertainty. The Australian market also moved into the red, with the S&P/ASX 200 dropping 0.84%, while Hang Seng futures in Hong Kong stood at 25,312, lower than the previous close of 25,633.21.
Meanwhile, the Coordinating Minister for Economic Affairs, Airlangga Hartarto, received a visit from representatives of the rating agency Standard & Poor’s (S&P) Global at the Coordinating Ministry for Economic Affairs office in Jakarta on Wednesday (3/6/2026). In the meeting, S&P was represented by Kim Eng Tan, Managing Director of Sovereign Ratings for S&P Asia Pacific. The primary agenda involved discussions regarding Indonesia’s economic prospects and resilience amidst various looming global risks.
Airlangga stated that the government utilised the meeting to explain the national economic condition, which is deemed to remain solid despite external challenges such as geopolitical tensions, the global economic slowdown, and global supply chain disruptions. “This meeting serves as an important momentum to reaffirm Indonesia’s economic resilience amidst a global situation still fraught with uncertainty,” Airlangga noted via his official Instagram account. According to Airlangga, Indonesia’s economic stability is supported by a combination of measured fiscal and monetary policies, strong domestic consumption, and improving external sector performance. He emphasised that several key indicators continue to show positive trends, stating, “Inflation remains controlled, investment continues to grow positively, and downstreaming programmes are beginning to deliver real impacts on increasing the value-add of the national industry.”