Revealed: The Reasons Behind the 3.02% Drop in the IDX Composite
Jakarta, CNBC Indonesia - The Indonesia Composite Index (IHSG) during morning trading on Thursday (4/6/2026) was recorded to have weakened by 3.02% to the level of 5,760.33.
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 further 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.
As a note, 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 significant decline, the IHSG is expected to face continued pressure today. Several major sentiments, both domestic and international, will act as market drivers. The collapse of Wall Street, rising oil prices, a strengthening US Dollar, and the sustained strength of the US economy could once again pressure Indonesian financial markets today.
In Asia, the South Korean Kospi index corrected by 2% upon reopening after the holiday, though the small-cap Kosdaq index rose 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% due to investor profit-taking amid 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 S&P Global at the Coordinating Ministry for Economic Affairs office in Jakarta on Wednesday (3/6/2026). During the meeting, S&P was represented by Kim Eng Tan, Managing Director of Sovereign Ratings for S&P Asia Pacific. The primary agenda of the discussion concerned the prospects and resilience of the Indonesian economy amidst various global risks that continue to loom.
Airlangga stated that the government utilised the meeting to explain the national economic condition, which is deemed to remain solid despite facing external challenges such as geopolitical tensions, the global economic slowdown, and global supply chain disruptions.
“This meeting serves as an important momentum to assert Indonesia’s economic resilience amidst a global situation that remains full of uncertainty,” Airlangga stated 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 still show a positive trend: “Inflation remains controlled, investment continues to grow positively, and the downstreaming programme is beginning to have a real impact on increasing the added value of the national industry.”
On this occasion, the government also presented various strategic agendas being implemented to maintain growth momentum, ranging from accelerating industrial downstreaming and strengthening energy and food security to increasing manufacturing competitiveness. “These steps are part of Indonesia’s economic transformation to become stronger in facing global pressures while being able to grow more competitively in the long term,” Airlangga added. He further noted that the government remains optimistic that Indonesia’s economic prospects will be maintained alongside ongoing structural reforms and inclusive, sustainable development.