Business · Markets · 1 day ago
Indonesia’s main stock index falls 2.59% to a three-month low
Indonesia’s Jakarta Composite Index, known as the IHSG, fell 2.59% on Monday, October 12.
It ended near the 5,900 level, its lowest point in three months.
Most listed shares fell, with utility stocks among the hardest hit.
Investors were cautious amid rising tensions involving Yemen’s Houthi movement and Saudi Arabia, which could add to uncertainty about oil prices and the wider region.
They were also waiting for inflation figures from the United States and China, as well as China’s trade data.
These figures may influence interest-rate expectations and demand for commodities, which matter to Indonesian companies and markets.
The IMF and World Bank meetings from October 12 to 18, followed by US inflation data and Federal Reserve officials’ remarks on October 14 to 16, were among the next events investors were watching.
Indonesia’s main stock index, the IHSG, fell 2.59% on Monday, October 12, reaching its lowest level in three months.
The index lost 157.61 points, but the two reports gave different closing levels: 5,936.14 and 5,975.78.
The decline came amid selling pressure across all sectors, with utilities falling 9.35%, the steepest sector drop reported.
Analysts cited investor caution over geopolitical tensions and upcoming economic data from the United States and China.
- Who
- Indonesia’s main stock index, the IHSG, and investors in Indonesian shares.
- What
- The index fell 2.59%, losing 157.61 points and reaching a three-month low.
- When
- Monday, October 12, 2026.
- Where
- Indonesia Stock Exchange.
- Why
- Reports cited selling pressure and investor caution over geopolitical tensions and upcoming economic data from the United States and China.
This story does not have two clearly opposing sides.
The IHSG fell 2.59% and ended at a three-month low; the reports gave different closing levels.
The IMF and World Bank meetings were scheduled, with investors watching global economic prospects and financial stability.
Inflation data from the United States and China, as well as China’s trade balance data, were due.
Federal Reserve officials were expected to announce the direction of interest-rate policy after the US inflation data.
- Daily change
- Down 2.59%, or 157.61 points
- Lowest reported close
- 5,936.14, according to Detik
- Other reported close
- 5,975.78, according to CNBC Indonesia
- Three-month low
- Since July 10, 2026, according to CNBC Indonesia
- Steepest sector decline
- Utilities, down 9.35% according to CNBC Indonesia
What people are saying
Geopolitical tensions: Houthi attacks on Riyadh increase the risk of US involvement and escalation of the Middle East conflict, which could drive oil price volatility and increase investor risk aversion
Sources
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