FX.co ★ Indonesia Shares Retreat for 3rd Session

Indonesia’s IDX Composite fell 39 points, or 0.5%, to 6,949 in Tuesday morning trade, marking a third straight session of losses as U.S. equity futures weakened sharply after President Donald Trump signaled that strikes on Iran could escalate as early as today. Sentiment was further pressured by caution ahead of key inflation readings in the U.S. and in China, Indonesia’s largest trading partner, due later this week.

On the domestic front, the 2026 state budget recorded a deficit of IDR 240.1 trillion in the first quarter, equivalent to 0.93% of GDP, widening from a year earlier as expenditure outpaced revenue. Even so, the downside was limited by the government’s commitment to maintain subsidized fuel prices and keep the full-year deficit within a prudent range, based on an assumption of oil averaging USD 100 per barrel.

Most sectors traded lower, led by industrials, basic materials, and cyclical stocks. Major decliners included Aneka Tambang (-4.1%), Astra International (-2.9%), Telkom Indonesia (-2.8%), Bumi Resources (-2.5%), and Perusahaan Gas Negara (-1.4%).