FX.co ★ Indonesia Shares Rebound from Near 6-Year Low

Indonesia’s IDX Composite rebounded 64 points, or 1.2%, to 5,405 in early Tuesday trading, snapping a five-session losing streak after the benchmark had hit its weakest level since late 2020 in the previous session. The uptick was driven by bargain hunting, even as geopolitical risks, domestic macroeconomic headwinds, and concerns over the country’s external buffers continued to cloud the outlook.

Market sentiment improved following reports that tax revenues jumped in the first five months of 2026, which the government touted as a sign of ongoing economic recovery. Bank Indonesia also highlighted robust growth in adjusted base money (M0), which expanded by more than 14% for the second consecutive month.

Gains were broad-based, with basic materials, infrastructure, and industrial stocks leading the advance. Notable outperformers included Telkom Indonesia (+10.2%), Sumber Alfaria Trijaya (+6.9%), Aneka Tambang (+4.0%), and Bank Tabungan Negara (+2.4%).

Traders are now awaiting May trade figures from China, Indonesia’s largest trading partner, due later today, for further signals on regional demand and commodity flows.