JCI Opens Surging 1.35% to Level 6,210

The Indonesia Composite Index (JCI) commenced the first trading session of June on Tuesday (2/6/2026) with a surge, reversing the downward pressure experienced since last month. At the start of trading, the JCI jumped 82.62 points or 1.35% to the 6,210 level, fluctuating within a range of 6,111.97 to 6,153.71. Transaction value at the start of trading was recorded at Rp653.25 billion, with a volume of 494.58 million shares and a frequency of 48,000 transactions. A total of 245 stocks were recorded to rise, 119 declined, and 329 remained stagnant.

Entering the first week of June 2026, market participants will closely observe several key macroeconomic data releases from both domestic and international sources. Additionally, there are several strategic domestic policy implementations and global geopolitical dynamics to note, including those related to State-Owned Enterprises (SOEs) specifically for exports. Starting 1 June 2026, the government is implementing a series of new policies targeting the management of export foreign exchange and the stability of the foreign exchange market. One of the most prominent is the formation of PT Danantara Sumber Daya Indonesia (DSI) as a single-window export mechanism manager for three strategic commodities: coal, palm oil, and ferroalloy. These three commodities contributed export values of US$66.13 billion in 2025, accounting for approximately 23.4% of total national exports.

Coordinating Minister for Economic Affairs Airlangga Hartarto stated that this policy is part of an effort to improve natural resource governance while strengthening the supervision of export transactions, ensuring that recorded export values reflect actual transactions. The government will conduct evaluations every three months during the transition period before full implementation on 1 January 2027. Simultaneously, the government has begun enforcing new regulations regarding Export Proceeds from Natural Resources (DHE SDA) through Government Regulation (PP) Number 21 of 2026. Non-oil and gas sector exporters are now required to deposit 100% of their export proceeds into special domestic accounts for a minimum of 12 months. For the oil and gas sector, the placement requirement is set at 30% for at least three months. The government also limits the conversion of foreign exchange to Rupiah to a maximum of 50% and is preparing tax incentives in the form of lower Income Tax rates for compliant exporters. This policy is expected to strengthen domestic foreign exchange reserves and increase the benefits of exports to the national financial system.

Meanwhile, Asia-Pacific stock markets opened lower on Tuesday (2/6/2026) amid rising uncertainty regarding peace negotiations between the United States and Iran. According to CNBC, this sentiment has led investors to remain cautious, even though major Wall Street indices hit record highs in previous trading. In Japan, the Nikkei 225 index opened down 0.52%, while the Topix corrected deeper by 0.98%. Pressure was also felt in South Korea, with the Kospi index down 0.32% and the small-cap Kosdaq index plunging 2.5%. The Australian stock market also moved into the red, with the S&P/ASX 200 weakening by 0.67%. Meanwhile, Hang Seng futures in Hong Kong stood at 25,207, lower than the previous close of 25,398.18. Market participants are monitoring the latest developments in US-Iran relations after US President Donald Trump downplayed the possibility of the failure of peace talks with Tehran. In an interview with CNBC, Trump stated he was not particularly concerned if the negotiations were to end.