Video: Rupiah and JCI Fall Sharply—Is Indonesia's Capital Market Alarm Ringing?

Jakarta, CNBC Indonesia—Amid geopolitical tensions between Iran, the United States and Israel causing global supply chain disruptions that have pushed crude oil prices above USD 100 per barrel, attention from global market participants remains focused on the ramifications for emerging markets.

Domestically, concerns centre on the assessment by the global ratings agency MSCI regarding Indonesia’s weighting in global indices, and the downgrade of Indonesia’s debt outlook to negative by Fitch Ratings, both of which have heightened market anxiety about the prospects for Indonesia’s capital markets.

This market pressure caused the Jakarta Composite Index to weaken by more than 5% during Monday’s trading session (9 March), plummeting to its lowest level of 7,156, whilst the rupiah weakened to Rp 16,990 per US dollar.

The video features an analysis of the pressures affecting Indonesia’s financial markets with CNBC Indonesia’s Managing Editor, Ayyih Ahmad, and Hadijah Alaydrus in Closing Bell, CNBC Indonesia (Monday, 9 March 2026).