FX.co ★ Indonesia Stocks Under Pressure to Begin the Week

Indonesia’s IDX Composite dropped 185 points, or 2.8%, to 6,535 in early Monday trading, extending its losing streak to a fifth consecutive session and falling to its weakest level since mid-2025. Sentiment was hit by a sharp selloff on Wall Street on Friday, alongside mounting concerns over an escalating conflict in the Middle East and the risk of oil supply disruptions. Additional pressure came from soft economic data in China, Indonesia’s top trading partner, where April’s industrial production and retail sales growth slowed to multi-year lows.

Domestically, attention is focused on Bank Indonesia’s policy meeting this week amid rising speculation that it may raise its benchmark rate to 5% from 4.75% to shore up the rupiah. The currency has repeatedly set record lows since April and is now trading above IDR 17,600 per USD. President Prabowo sought to calm nerves, noting that rural communities have limited exposure to the U.S. dollar, while Finance Minister Purbaya also expressed confidence in the country’s economic resilience.

Losses on the equity market were broad-based, with notable decliners including Amman Mineral Internasional (-12.7%), Aneka Tambang (-7.4%), Indosat (-6.3%), and Vale Indonesia (-5.1%).