Video: Iran War and MSCI Sentiment – Investors Switch to "Risk-Off" Mode

Jakarta, CNBC Indonesia – Ciptadana Asset Management director Herdianto Budiarto has highlighted the government’s critical role in addressing various issues of concern to market participants, including assessments by Fitch Ratings and MSCI.

One key market concern is the risk of the state budget deficit (APBN) exceeding 3%, necessitating government reallocation of priority spending. Additionally, in efforts to strengthen investor confidence, authorities must address market sentiment regarding MSCI’s suspension of Indonesia equity index rebalancing.

The stock exchange authorities need to enhance transparency of share ownership data to bolster investor confidence and attract capital inflows back to Indonesia’s financial markets. Meanwhile, the government must also anticipate the economic impact of Middle East geopolitical tensions to maintain economic stability and investor trust.

In light of these developments, investment direction in the context of geopolitical turmoil and sentiment shifts in Indonesia’s capital market was discussed in detail between host Andi Shalini and Herdianto Budiarto, director of Ciptadana Asset Management, on Power Lunch, CNBC Indonesia (Monday, 09/03/2026).